In the swirl sur­round­ing the new Tax Act, there was some good news on the ben­e­fits front.

The Cadil­lac tax, which was giv­en a lot of time to ger­mi­nate and grow on every­one, was kept in but the dead­line for meet­ing it was pushed back from 2018 to 2020.  As rates con­tin­ue to rise, the specter of this tax, which penal­izes plans that have a val­ue exceed­ing a cer­tain dol­lar thresh­old, nags at employ­ers, par­tic­u­lar­ly those in high cost states like Cal­i­for­nia.  The tax does not vary based on geo­graph­ic fac­tors, so once again the left and right coasts get hit.  What’s puz­zling is that the tax was sup­posed to help pay for the ACA, so why don’t they just get to it?