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CBO reduces 'Cadillac' tax, employer penalty estimates

Cadillac tax collections, according to the Congressional Budget Office, will be far less than originally forecast.

By Amanda McGrory-Dixon | Updated on May 20, 2013

The “Cadillac tax” that is part of Obamacare might not cost employers nearly as much as initially estimated.

The Congressional Budget Office projects in a new report that taxes on employers’ high-premium insurance plans will generate roughly $80 billion over the next 10 years.

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