The article discusses the new so-called Cadillac tax that will start in 2018 under President Barack Obama's healthcare law. It will impose a 40 percent excise tax on employers who provide high-cost health insurance plans, defined as those with coverage that exceeds $10,200 per year for individuals and $27,500 for families. The proposal aims to equalize healthcare and discourage unnecessary medical spending, while also raising revenue to fund the ACA. Attorneys quoted in the article said that the plan will have a broad impact on employers and create additional complexity within the ACA. The IRS is seeking comment on Notice 2015-16 - Excise Tax On High Cost Employer-Sponsored Health Coverage, which outlines some of the approaches that may be taken with regard to issues under the proposed plan. "This notice is going to draw enormous comments, and while I don't regard this as necessarily a huge event standing by itself, on the other hand it is the first step in the process that will take us through the next three years," said Jim. Jim counsels businesses of all sizes on their employee benefits plans, which include just about any form of compensation, other than salary or wages, a business uses to recruit and retain talent. Employee benefits is a highly technical field that is heavily affected by Federal regulation and requires a deep understanding of both tax and employment law. Jim works with clients at every stage of the process, from planning and drafting the benefits plan to working through changes such as mergers, acquisitions, and investment transactions to addressing disputes that may arise. In each of these situations, he helps his clients protect their interests and achieve their business goals. Jim received his B.B.A., summa cum laude, from Texas Tech University and his J.D., cum laude, from Southern Methodist University Dedman School of Law.