Gottheimer-backed Health Care Tax Cuts Signed into Law

Dec 23, 2019

President signs 2020 investment priorities for NJ-5 -- Repeal of Cadillac Tax, Health Insurance Tax, Medical Device Tax helps North Jersey families

Today, Monday, December 23, 2019, U.S. Congressman Josh Gottheimer announced that bipartisan measures he co-sponsored and backed to keep health care costs down for North Jersey families have been signed into law. After passing both the House and Senate and with the President’s signature, with Gottheimer’s strong backing, the “Cadillac” Tax, the Medical Device Tax, and the Health Insurance Tax have now been repealed. Gottheimer has been sponsoring legislation and fighting for the repeal of both, and for lower healthcare costs for constituents, since his first day in office.

“New Jersey’s Fifth District is counting on tax cuts to keep jobs in North Jersey and bring much-needed health care savings to local families and businesses. I’ve been fighting to repeal these harmful taxes on our health care, so that we can continue boosting the quality of care in North Jersey, increase innovation, keep costs down, and continue to grow our local economy,” said Congressman Josh Gottheimer (NJ-5). “Democrats and Republicans have come together to repeal these taxes that would have hurt our medical community and our patients. Finally having the repeal of the Cadillac tax, Health Insurance Tax, and Medical Device Tax signed into law is a huge win for families all across the Fifth District.”

The bipartisan federal investment bill that has now been signed into law:

  • Repeals the Medical Device Tax, a 2.3 percent excise tax on the price of taxable medical devices sold in the U.S., including X-ray machines, hospital beds, and MRI machines;
  • Repeals the excessive health care “Cadillac Tax” surcharge, a 40 percent tax levied on employer health insurance plans above certain thresholds set to go into effect in 2022, which would cause health care costs to increase for one in five Americans;
  • Repeals the Health Insurance Tax, which is a tax on health insurance plans that would whack New Jersey families and small businesses with increased premiums.



Recent Posts

May 24, 2024

RELEASE: Gottheimer Joins Congregation Bnai Yeshurun to Discuss Rising Antisemitism and Standing Against Hate at Home

Above: Gottheimer speaking at Congregation Bnai Yeshurun. TEANECK, NJ — U.S. Congressman Josh Gottheimer held a fifth community discussion at Congregation Bnai Yeshurun. Gottheimer dialogued with Rabbi Elliot Schrier about rising antisemitism — online, on campuses, and in North Jersey communities — and his work to combat it. During the event, Congressman Gottheimer highlighted the record […]

May 23, 2024

RELEASE: Gottheimer, D’Esposito Introduce New Legislation to Hold the MTA Accountable for its Hypocrisy

Above: Gottheimer and D’Esposito announcing new legislation to stop MTA CEO Janno Lieber from using federal funds for a taxpayer-funded vehicle. WASHINGTON, DC — Today, Thursday, May 23, 2024, U.S. Representatives Josh Gottheimer (NJ-5) and Anthony D’Esposito (NY-4) introduced new legislation to stop MTA CEO Janno Lieber’s continued Congestion Tax hypocrisy. While hardworking commuters, nurses, teachers, […]

May 22, 2024

RELEASE: House Passes Gottheimer-led Bipartisan Legislation to Modernize Crypto Regulation and Protect Consumers

Above: Gottheimer on the House floor. WASHINGTON, DC — Today, Wednesday, May 22, 2024, the Financial Innovation and Technology for the 21st Century Act (FIT21), which U.S. Congressman Gottheimer helped negotiate in the Financial Services Committee, passed the House with bipartisan support. This bipartisan legislation clarifies regulation for digital assets, bolsters consumer protection, and ensures […]