MONTPELIER, Vt. (AP) - Vermont’s two U.S. senators and one from New Hampshire are among the co-sponsors of legislation to repeal a tax on certain health care plans.
Sens. Bernie Sanders, Patrick Leahy and Jeanne Shaheen are among nine co-sponsors of a bill to repeal a part of the Affordable Care Act has drawn fire from liberals since its inception.
Sanders, the Vermont independent who is running for president as a Democrat, says the so-called Cadillac tax was designed to hit high-end health coverage plans, but is affecting a broad range of plans, many of which workers negotiated in exchange for lower wages.
The tax imposes a 40 percent non-deductible excise tax on health plans with values exceeding $10,200 in coverage for individuals and $27,500 for families.
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