The results of the latest Rasmussen survey, released on Thursday, show that 50 percent of Americans still favor repeal of Obamacare, while 44 oppose repeal. But the poll, which queried 1,000 likely voters, sampled only humans. It didn’t take into account the opinions of four-legged and winged members of the household whose health care costs are also likely to rise once the law is implemented.
The Heritage Foundation blog The Foundry reports on a rule published Friday by the Internal Revenue Service specifying that some medical devices used in veterinary practices will be affected by Obamacare’s 2.3-percent device tax. As with manufacturers of pacemakers, prosthetics, and other medical equipment used in treating Fido’s human parents, the makers of Fido’s implantable chip are almost certain to pass on the cost of the nuisance tax to the consumer.
The IRS rule states:
Section 4191 [of the Internal Revenue Code] limits the definition of a taxable medical device to devices described in section 201(h) of the [Federal Food, Drug, and Cosmetic Act] that are intended for humans, but does not provide that the device must be intended exclusively for humans. Under existing [Food and Drug Administration] regulations, a device intended for use exclusively in veterinary medicine is not required to be listed as a device with the FDA, whereas a device intended for use in human medicine is required to be listed as a device with the FDA even if the device may also be used in veterinary medicine.
The Foundry notes that common “dual use” devices under the FDA definition include “examination gloves, sterile catheters, infusion pumps,” and so on.
The article cites a recent survey of 181 manufacturers that indicates that a 52.5-percent majority plan to “pass along some or all of the increased cost [of the tax] to our consumers.”
Pet owners already spend in excess of $12 billion per year on veterinary care. With the costs of maintaining man’s best friend on the upswing even as the economy continues to trend downward, will people start giving up their pets for Lent? Stay tuned.
Related Articles
- Even if we avoid the fiscal cliff, your taxes are going up next year
- Obama returns to campaign trail to sell his fiscal cliff solution
- Timothy Noah is right: Let’s talk about the ‘real’ Obamacare taxes
- Obama’s evolving rationale for raising taxes on the rich
- The Buffett Rule hurts Warren Buffett’s secretary
- Which party is really rooting for economic failure?
- Obama spokeswoman: We don’t blame Bush for mess we inherited (from Bush)
- Tax the rich—whoever they are
- Obama’s fairness doctrine a recipe for AMP (Assured Mass Poverty)
- Michelle Obama, creating jobs one bauble at a time
- Another Obama-backed green company goes belly up
- Joe Biden concedes middle class has been ‘buried’ last 4 years
- For Obama 10% of the buck stops here
- Obama’s latest lie: His tax hike on rich is a return to Clinton-era tax rates
- Study: Americans’ incomes have fallen more during recovery than during recession
- Solution to the debt crisis: Tap the nation’s “additional income” reserve
- Obama’s economic “fairness doctrine”
Follow me on Twitter or join me at Facebook. You can also reach me at howard.portnoy@gmail.com.
