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Do we need a doggy tax break? Michigan Rep Thaddeus McCotter thinks so

 
 
Reply Wed 21 Oct, 2009 07:30 am
http://blogs.moneycentral.msn.com/topstocks/archive/2009/10/19/do-we-need-a-doggy-tax-break.aspx

Quote:
Do we need a doggy tax break?
Posted Oct 19 2009, 12:43 PM by Kim Peterson Rating: Filed under: Kim Peterson, Politics
Animal care can be outrageously expensive. I've probably spent enough money on my cat's ailing kidneys to buy a small car.

Should the government be helping out? One Republican congressman thinks so, and has introduced a bill that allows pet owners to deduct the cost of animal care from their taxes.

The bill would let you deduct as much as $3,500 a year, according to NPR.

Rep. Thaddeus McCotter of Michigan said he's heard that economic hard times are causing some people to give up their pets.

"When you think about the relationship between people and pets and the humane way that it helps people think, it seemed to me to be a good idea," McCotter said in a video about the bill, according to NPR.

Some pet owners are thrilled at the idea. But it seems to me that if you choose to have a pet, you should be able to pay for it.

Julie DelCour, a columnist at Tulsa World, summed up the issue nicely: "We have a $11 trillion national debt; and 46 million people without health insurance," she writes. "With those realities, Congress can ill afford to pass out tax deductions like Milk Bones. This novelty bill will die in committee and McCotter's 15 minutes of pandering to us animal owners will end."
 
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Reply Wed 21 Oct, 2009 07:30 am
Okie, did you vote for this clown?

We need to get rid of tax breaks for children and mortgage interest too.
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Reply Wed 21 Oct, 2009 08:17 am
The sad part is that human medical expenses are not deductable until you reach a certain threshold (7.5% of your adjusted gross income). If your AGI is $50k, your first $3,750 in medical expenses are not deductable, but this guy wants pet expenses to be included.
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Reply Wed 21 Oct, 2009 08:52 am
maporsche wrote:

Okie, did you vote for this clown?

We need to get rid of tax breaks for children and mortgage interest too.


Agreed. There's no doubt that the federal government rewards families and kids with special treatments...

Cycloptichorn
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Reply Wed 21 Oct, 2009 08:56 am
Pets are a luxury item. If you can't afford to take care of one you should not get one. I would not mind if some of my tax money was spent to help animal shelters spay and neuter, but all other costs should be the responsibility of the owner.

I agree that we also get rid of the child and mortgage tax deductions. I think we should reward people for not having children and paying off their mortgages as quickly as possible. Both are better for the country as a whole.
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Reply Wed 21 Oct, 2009 09:27 am
I demand equality for kitties every where!

I'd love to get a dog but I have 5 cats and I don't think they would let the dog live long enough to get the tax break. Now if they allow the tax break for any pet, I'll get 15 more cats and and then I'll have the tax break times 20. 20% off woot!

Then the governement will have to put me in an instituition because I'll qualify as crazy and I'll live off other people's tax monies. Very Happy Loving this idea!
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Reply Wed 21 Oct, 2009 05:14 pm
I was extemely surprised that McCotter's name was on this bill. He is a no-nonsense, very conservative guy and his expertise is in finances.

Bet he's eatin' crow right now about getting involved in this. Some say he's pandering to the senior citizen crowd.
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