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News

NECA Legislative Top Three 11/15/19: The Time is Now: Repeal the Cadillac Tax

Nov 14, 2019

1. Take Action: Tell the Senate to Vote on NECA-Supported Cadillac Tax Repeal

Although the House of Representatives voted earlier this year to fully repeal the onerous excise tax on premium healthcare plans known as the Cadillac tax, the bill has not yet been brought to the Senate floor for a vote. As Congress approaches the critical year-end decision point, it is imperative for NECA contractors that Congress include the repeal of the Cadillac tax in a year-end package.

NECA’s Look Ahead: NECA, as a part of the “Fight the 40” coalition, is working to build up support for a broad letter from across several different industries encouraging the Senate to vote on this legislation. Please take action today and sign the letter that we will sent to Senate leadership.

2. NECA Joins Coalition Efforts Against ILLICIT CASH Act

NECA, along with a coalition of over 40 organizations, sent a letter to the Senate Committee on Banking, Housing, and Urban Affairs strongly opposing S. 2563, the Improving Laundering Laws and Increasing Comprehensive Information Tracking of Criminal Activity in Shell Holdings Act, also known as the ILLICIT CASH Act.

NECA’s Look Ahead: The ILLICIT CASH Act is a similar bill to the NECA-opposed H.R.2513, Corporate Transparency Act which would impose duplicative, burdensome reporting requirements on millions of small businesses. NECA will continue to monitor this legislation if it progresses. 

3. CBO Score Released for America’s Transportation Infrastructure Act

On November 13, 2019, the Congressional Budget Office (CBO) released its score for the NECA-supported Senate transportation bill S.2302, America's Transportation Infrastructure Act of 2019.

NECA’s Look Ahead: The bill, when passed out of the Senate Committee on Environment and Public Works (EPW) earlier this year, was the largest highway bill ever passed, authorizing $287 billion over five years. The CBO estimates that the bill, if enacted as written, would increase the deficit by $983 billion. The full report along with a detailed summary can be found here.