Phase 2: Wave 1: seniors, near-seniors, and children · Step 2.3

Enforce maintenance of compensation

Years 1–4 (requirement lasts 3 years after each worker's wave) · DOL Wage & Hour Division; employers; unionsDiscuss this step

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Task 2.3.1 of 5

Require employers to report per-worker health premium contributions in the last full year before each worker's wave (from W-2 box 12, code DD).

Who does it

IRS / DOL

When

Year 0

Trade-off

Using W-2 premium data is objective but misses benefits not reported on W-2s.

Part of: Enforce maintenance of compensation

Employers that paid health premiums must convert their savings into wages or other compensation. In steady state employers paid $1.05T in premiums (private, federal, state & local) and owe $873.4B in the new tax; 85% of the difference is assumed to reach paychecks.

This step changes 1 existing laws, programs, or institutions. See the list.