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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
taxreformer -
"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
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9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
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.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
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"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
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Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
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The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
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Get 'Em While They're Hot:
Medicine Cabinet Tax Hits in 120 Days
Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement arrangement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin) starting in January 2011. These drugs will have to be purchased with after-tax dollars.
The ridiculous result will be a rush to buy over-the-counter products in the days after Christmas this year.
That means that the 30 million Americans with an FSA, HSA, or HRA will see a tax hike in January 2011. They will no longer be able to use their pre-tax accounts to purchase such basic items as:
- Aspirin
- Antihistamines
- Anti-ulcer medicines
- Cough syrup
- Motion sickness medicine
- Ibuprofen
- Antacids
- Laxatives
- Menstrual pain relievers
- Decongestants
- Hemorrhoid creams
- Allergy relief
- Athlete’s Foot cream
The Medicine Cabinet Tax is one of just seven tax hikes in Obamacare hitting families making less than $250,000 per year, a violation of Obama’s central campaign promise:
“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.” (Dover, NH) [Transcript] [Video]
Posted by Ryan Ellis 
on Friday, September 3, 2010 6:00 AM EDT
on Friday, September 3, 2010 6:00 AM EDTTo follow Ryan Ellis's RSS feed click here. To follow them on Twitter, their handle is @ryanlellis
