Washington • Acting on the principle “Why put it off until tomorrow when you can do the wrong thing today?” the House of Representatives last week voted to repeal a tax that is not scheduled to take effect until 2022. The vote against the “Cadillac tax” was 419-6, a reminder that “bipartisanship” often is the political class coming together to sacrifice the national interest to its own.
Repeal of the promised tax of 40% on a portion of the most lavish employer-provided health care plans would enlarge projected budget deficits by almost $200 billion in a decade.