Friday, September 18, 2009

Gov. Will Snope In Your Medicine Cabinet?

The Medicine Cabinet Tax: Your Reactions, and Theirs
Recently, we here at Americans for Tax Reform have been trying to spread the word about the nooks and crannies of Baucus health care bill. The most recent atrocity?: the medicine cabinet tax.

As you probably already know, Sen. Max Baucus (D-Mont.) released a draft healthcare reform plan that contains many tax increases on working families. One of these would deny 30 million American families the ability to use flexible spending accounts (FSA accounts) and health savings accounts (HSA accounts) to purchase over-the-counter medications.

Under current law, families can use their FSA/HSA account money to buy things like aspirin, pain relievers, and contact lens solution.

The above is from the Americans for Tax Reform website. Check it out.

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