You’ll be glad to hear that proposed cosmetic surgery tax discussed in a previous blog entry has been thrown out! Due to opposition from surgeons, pharmaceutical companies, patients, and the American Medical Association, the proposed 5 percent tax on cosmetic surgery procedures is no longer in the healthcare reform bill. Instead, the Senate announced a .9 percent increase for some American’s Medicare payroll tax and a new 10 percent tax on indoor tanning salons. While this is good news for the cosmetic surgery and medical industry, it is bad news for the tanning industry and opposition to this proposal is expected.
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