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There may only be one source of bipartisan agreement when it comes to the Affordable Care Act — opposition to its revenues and cost-control measures. Nothing checks both of those boxes quite as effectively as the law's "Cadillac tax" — which is now on its way out.

Driving the news: In an overwhelming 419-6 vote, the House signed off yesterday on repealing the tax on high-value health plans. Repealing the tax will cost the federal government almost $200 billion over the next decade, according to the Congressional Budget Office.

Real talk: This tax is one of those policies that economists absolutely love, and people who have to stand for election absolutely hate. And in those situations, politics usually wins.

  • Employers and unions — one big constituency for each party — both loathe the tax, which was designed to pressure them to make their health plans less generous or to find other ways to bring down their plans' costs.

What they're saying: "Unfortunately a lot of what Congress has been doing in recent years seems to be ignoring the budgetary consequences," Paul Van de Water, of the liberal Center on Budget and Policy Priorities, told The New York Times.

  • Congress has also delayed, frozen or repealed other revenue-raisers from the ACA, including taxes on medical devices and health insurance plans.
  • The controversial Independent Payment Advisory Board, or IPAB, has never actually been formed, but has engendered plenty of bipartisan opposition even theoretically.

Go deeper

Virginia energy giant quietly boosts McAuliffe

Former Virginia Gov. Terry McAuliffe speaks during a campaign rally on Oct. 15 in Henrico, Virginia. Photo: Win McNamee/Getty Images

Virginia Democrat Terry McAuliffe has sworn off money from the Richmond company Dominion Energy. But the utility has found more subtle ways to back McAuliffe's gubernatorial bid, records show.

Driving the news: Dominion's political action committee has donated $200,000 to a murky political group called Accountability Virginia PAC, a group with ties to prominent Democrats that's been running ads attacking Republican candidate Glenn Youngkin from the right.

3 hours ago - Technology

Race and technology in America

Illustration: Annelise Capossela/Axios

The technology industry is famously determined to change the world — but its efforts to diversify its workforce and remove bias from its products haven't changed nearly enough.

Biden: "Being a cop today is one hell of a lot harder than it's ever been"

President Biden speaks during the 40th Annual National Peace Officers Memorial Service at the U.S Capitolon Oct. 16. Photo: Brendan Smialowski/AFP via Getty Images

President Biden speaking at the U.S. Capitol on Saturday honored members of law enforcement who died in the line of duty in 2019 and 2021 and saluted those who are currently serving.

Driving the news: "We expect everything of you, and it's beyond the capacity of anyone to meet the total expectations. Being a cop today is one hell of a lot harder than it's ever been," Biden said.

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