Humanity and Pets Partnered Through the Years (HAPPY) is a nauseatingly titled bill making its way through the halls of CONgress. Is that how they're burning through our money, making aides come up with cute names (and sappy acronyms) they can all sign on and say "hey! look how much we love pets!"
According to WashingtonWatch.com, "H.R. 3501 would amend the Internal Revenue Code of 1986 to allow a deduction for pet care expenses."
Evidently the text of the bill has not been released yet, so the details are completely unknown. At face value, I tend to support anything that puts limits on how much of my money they steal. But a bill like this could easily turn into something that expands the pet health insurance industry, or uses the "companion animal" language and further undermines our property rights with pets. The more I think of it, the less optimistic I am. I mean, what is the motivation for a bill like this? The government desperately needs all the tax money it can get. Sure, there are a lot of pet owners, but they spend a lot of money on pet health care, and the tax loss could be significant. Would it really buy that much favoritism with the pet owner voting blocs? Somehow I don't think so. So what's the motivation? Any good ideas?
Guess we'll have to wait and see.
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4 years ago
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