House Passage Of Cadillac Tax Repeal Will Protect Workers

House Passage Of Cadillac Tax Repeal Will Protect Workers
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Electrical contractors say house passage of Cadillac Tax repeal will protect workers

“Members of the National Electrical Contractors Association have been providing employer-sponsored healthcare to their employees for decades,” said NECA Chief Executive Officer David Long. “NECA has unequivocally supported H.R.748, ‘The Middle-Class Health Benefits Tax Repeal Act of 2019,’ which eliminates the burdensome Cadillac Tax.  I am gratified by its passage today in the House and especially thankful for the work of Rep. Joe Courtney and Rep. Mike Kelly leading this effort.

The Cadillac Tax threatened a system that already works well, ignoring demographic and geographic factors while taxing benefits that help keep employees healthy. Additionally, the tax created a chilling effect on business growth that was a sure job-killer. Today’s bipartisan effort means NECA members are one step closer to no longer being penalized for doing right by their employees. The Senate must act quickly and send this legislation to the White House.”

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What do you think about the cadillac tax, the “Affordable Healthcare Act” and the latest bill? Please let us know in the comments section!

Please see below for more info about the NECA.

About The National Electrical Contractors Association

NECA is the voice of the $171 billion electrical construction industry that brings power, light and communication technology to buildings and communities across the United States. NECA’s national office in Bethesda, Md., and 118 local chapters advance the industry through advocacy, education, research and standards development. Go to for more information.

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Jacob Wolinsky is the founder of, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at) - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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