House Democrat health bill would tax over-the-counter medicine purchases
There are plenty of tax hikes on working families in H.R. 3200, the House Democrat healthcare bill. Obama has been answering some tough questions about his stance on the bill, but there’s one more question he should answer:
Where does he stand on the “aspirin tax” that was inserted at the last minute before summer recess?
Just before adjourning, House Ways and Means Committee Chairman Charlie Rangel (D-NY) snuck in an additional tax hike . It would prevent Americans with health spending accounts like FSAs, HSAs, and HRAs from using the money to buy over-the-counter medicines. Under current law, families can use the money in these accounts to buy things like aspirin, pain relievers, and other non-prescription medicines.
Needless to say, most of the roughly 30 million families that have flex-accounts and health savings accounts do not earn more than $250,000 per year. President Obama pledged again and again to never raise “any form” of taxes on families making less than $250,000 per year. Presumably, that included working families buying medicine at the drugstore.
Where does Obama stand on the aspirin tax?