The Truth About the Cadillac Tax
By Rick Fuentes
MNA Communications Specialist
There’s been a lot of scare tactics lately about the Cadillac Tax. Recently, one of the big Twin Cities hospital chains even produced a video for its employees where a cartoon employee drives her old Cadillac into a car dealer to get a newer, cheaper car. Make no mistake, however, the Cadillac Tax isn’t about to run over middle-class workers. At least not yet.
The “Cadillac Tax” or excise tax is part of the Affordable Care Act, which set a 40 percent tax on insurance plans valued over $10,200 for an individual and $27,500 for families.
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