The Flu Tax
What to make of a headline that includes the following words: tax, $100 million, Congress, bipartisan, and flu? Are our Congressional invertebrates happily plotting to tax the flu? Why not sinus infections, shingles, or schistosomiasis? Perhaps the Onion or HuffPo originally posted this headline? Here's the entire misery, "Congress Prepares $100 Million Bipartisan Flu Tax."
Good grief, what psychotropic pharmaceuticals are being added to Washington D.C.'s drinking water?
From the Weekly Standard we read:
In February, identical bills were introduced in the House and Senate to add seasonal flu vaccines to the IRS code as taxable. The legislation would exact a 75¢ per dose tax on any "vaccine against seasonal influenza." Given that the Centers for Disease Control projects that 135 million doses of flu vaccine will be used this year, the government's take on flu vaccines alone is over $100,000,000 per year.
So, our Congressional invertebrates that created Obamacare, the most massive and wasteful healthcare train wreck in recorded human history, want to add insult to injury. They plan to stick us suckers into paying an additional medical tax for an essential vaccine that is used by 135 million folks each year. You couldn't make this up.
Wait, there is much more behind this Molière farce:
Along with taxes on other vaccines, this tax would fund the Vaccine Injury Compensation Trust Fund. The fund is a "no-fault alternative to the traditional tort system for resolving vaccine injury claims that provides compensation to people found to be injured by certain vaccines." However, the fund is by no means in the same kind of trouble that other government "trust funds" are.
The balance in the fund (as of November 2012) was more than $3.5 billion. Since the program's inception in 1988, the fund has paid out only $2.5 billion in 25 years for cases involving all vaccines, not just the flu vaccine. This means the balance in the fund could conceivably last another 25 years with no further tax revenue.
So, the trial lawyers lobby craves this tax since it insures them a continued easy payday. The hard left lib/progs covet this tax since it creates an new tax that is not required, so as to further soak the bourgeoisie in favor of the working proletariat, right comrade?
The Congressional invertebrates hunger for this tax so they can continue to pretend they are running the country and are not being herded deeper into the fetid fiscal swamps by Obama and the MSM.
From the movie Rounders this famous line about high stakes poker: "Listen, if you can't spot the sucker at the table... then you are the sucker." With that in mind:
As is the case with all government "trust funds," there is no cash set aside to pay out claims. According to the November 2012 report on the vaccine trust, the $3.5 billion balance is invested in "U.S. Treasury Securities." In other words, financing a portion of the $16.5 trillion national debt.
Each one of us are the suckers.