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August 5, 2009

Bill Would Provide Tax Breaks for Buying Dietary Supplements

Press Release from Congressman Earl Blumenauer's website:

Thursday, 30 July 2009 Washington, DC—Representatives Earl Blumenauer (D-Ore) and Ginny Brown-Waite (R-Fla) today introduced bipartisan legislation that will make those vitamins, wellness and nutritional supplements eligible for FDA-approved health claims more affordable by allowing employees to purchase them using pre-tax dollars already reserved for health needs.

“Fitness, preventive care, good eating, and vitamins keep us healthier longer – and often out of the doctor’s office,” said Rep. Blumenauer. “As we in Congress work to reform our broken health care system, there are small, common sense steps we can take to save money and reduce unnecessary visits to the doctor. Nutritional supplements can significantly improve health, and by making vitamins and supplements more affordable, we can help people stay healthy while reducing medical costs.”

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The proposed legislation is the Tax Equity for Meal Replacements and Supplements Act of 2009. Rep. Blumenauer's comments on introducing the bill are available here.

Needless to say, the tax break would not extend to purchases of fresh fruits and vegetables, as these are not eligible for FDA-approved health claims. DMB

August 5, 2009 in supplements | Permalink

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Comments

Im a suppliment user and I agree that most often times I save a few more bucks outside the doctor's office because the vitamin supplement Im taking is making me feel healthier.

Posted by: TAG brisbane | Aug 17, 2009 8:38:53 PM

I do use Resveratrol supplements for anti ageing purpose and it makes my skin healthier if any tax benefit is available then definitely it will save monthly budget.

Posted by: linda potter | Aug 28, 2009 3:51:30 AM

Nice, creative, unique and very informative article about supplements

Posted by: health supplements | Sep 18, 2009 12:58:36 AM

this would benefit consumers especially dietary supplement users

Posted by: Supplements | Nov 12, 2009 11:31:04 PM

I heard an interesting quote on supplements the other day. They said that the western world has some of the most expensive urine - because most of the supplements are a waste of time. What do people think?

Posted by: English | Feb 12, 2010 5:28:41 PM

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