Coronavirus (COVID-19) News and Resources
Coronavirus (COVID-19) Webcasts
Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Retirement Plan Administrator

SPS
(Telecommute)

SPS logo

Retirement Plan Consultant

DWC - The 401(k) Experts
(Telecommute)

DWC - The 401(k) Experts logo

Retirement Plan Administrator

Steidle Pension Solutions, LLC
(Lebanon NJ)

Steidle Pension Solutions, LLC logo

Senior Plan Consultant

Jocelyn Pension Consulting
(Telecommute / San Rafael CA / Boulder CO)

Jocelyn Pension Consulting logo

Director of Regulatory Affairs

Health Plans Inc
(Westborough MA)

Health Plans Inc logo

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn
Twitter
Facebook

By Date   |   By Company Name


View More Press Releases by ERIC [ERISA Industry Committee]

Press release:

ERISA Industry Committee Strongly Supports Senate in Repeal of Excise Tax

Issued by: ERIC [ERISA Industry Committee]

Date: Sept. 18, 2015

WASHINGTON, September 17, 2015 – The following statement should be attributed to Annette Guarisco Fildes, president and CEO of The ERISA Industry Committee:

“The ERISA Industry Committee (ERIC) strongly supports Sen. Heller’s and Sen. Heinrich’s bill to eliminate the Affordable Care Act’s 40 percent excise tax on health coverage. This tax will have nothing but negative effects on America’s companies and their workers at a time when our country should instead be supporting job growth and support for the middle class.

As the only national trade association advocating solely for the employee benefit and compensation interests of America’s largest employers, this bill is critically important to ERIC members as it would relieve them and other large employers of a very significant financial and administrative burden.

The effect of the 40 percent excise tax goes beyond employers; it could be detrimental to the health of millions of employees and their families if employers are forced to curtail their health benefits in order to avoid the tax. The addition of the tax on top of the rising costs of health care would make it very difficult for ERIC members to continue to offer high-quality, cost-efficient health care benefits.

The effect the tax will have on the American worker and the administrative complexity and challenges placed on employers to compute it are unprecedented. Moreover, the tax does nothing to reach its ostensible goal, which is to bring down health costs in this country. For these reasons ERIC and its members stand firmly behind the repeal of the 40 percent excise tax.”

About the ERISA Industry Committee
The ERISA Industry Committee (ERIC) is the only national trade association advocating solely for the employee benefit and compensation interests of the country's largest employers. ERIC supports the ability of its large employer members to tailor health, retirement and compensation benefits for millions of employees, retirees and their families. Learn more at eric.org.

BL:hh

View More Press Releases by ERIC [ERISA Industry Committee]


This is a press release issued by the company named above. BenefitsLink is not the author. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2020 BenefitsLink.com, Inc.