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Budget and Tax Deal Delays Excise Tax to 2020

Jan 05, 2016

President Obama has signed an agreement on two major legislative packages regarding the budget and tax agreements that were previously approved by Congress.

The two-part agreement consists of a $1.1 trillion budget to fund federal agencies through fiscal year 2016 and a $650 billion tax package that would renew various tax breaks that have ended or are about to expire for the next 10 years.

These bills included changes that affect several health care related provisions under the Affordable Care Act (ACA).

ACA provisions included in the agreement would:

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