A two-year delay of the “Cadillac tax” and the medical device tax in ObamaCare may be added to a bill that renews expired tax breaks for two years, House Ways and Means Committee Chairman Kevin Brady said Tuesday.
“Clearly, we’re moving forward with the two-year extension and considering adding a medical device and a Cadillac tax pause on there,” he said, adding that the decision will be made before the bill is taken up by the House Rules Committee on a to-be-determined date.
{mosads}Brady (R-Texas) released a two-year “tax extenders” bill on Monday night as a back-up plan in case Congress and the White House are unable to reach an agreement that makes some tax breaks permanent.
Lawmakers are considering pauses in the Cadillac and medical device taxes as part of a broader deal, but the initial text of the two-year legislation does not contain those provisions.
The two-year bill’s focus is “ensuring Americans that before we leave, we will do our work on these tax extenders,” Brady said. “The clock is ticking, it has to be done, it must be done.”
He said that negotiations on a bigger bill are continuing.