House OKs pro-consumer FSA changes, but they're not likely to become law…yet
Budgets, from Uncle Sam's to yours

Last week at my other tax blog: Cigarette tax hikes; proposed FSA changes

You feeling OK? Just checking since health-related issues were topics covered last week at my other tax blog.

Bankrate Taxes Blog icon The week began with all tax eyes on California's attempt to hike the state's excise tax on cigarettes by $1 per pack. It failed. That wasn't a surprise to tax watchers who report that cigarette tax hikes are slowing.

Then came the U.S. House vote to repeal a portion of the Patient Protection and Affordable Care Act, aka Obamacare.

The Republican-controlled chamber was successful in passing a bill to end the tax on medical devices scheduled to take effect in 2013. Changes to flexible spending accounts (FSAs) were included in that health care vote.

Don't get too excited, though. Those pro-consumer FSA changes don't have a chance of enactment, at least not in the near future.

You can check out my new tax posts at Bankrate Taxes Blog each Tuesday and Thursday. And if you happen to miss them on those days, you can find a wrap-up here.

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