Could a ‘vaccine tax’ help?

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How do we deal with global vaccine inequity? Stefan Wermuth/Bloomberg via Getty Images
  • People in wealthier countries are far more likely to be vaccinated against COVID-19.
  • Some countries have committed funds to help resolve global vaccine inequity, but others have not.
  • A new paper proposes a solution: a sliding-scale tax to be built into the price of vaccines and collected by manufacturers.

As of December 9, 2021, more than 8.1 billion vaccine doses have been administered worldwide. However, most of those have gone to people who live in the world’s high income countries.

As of December 8, 2021, 64.94{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of the population of those countries have received at least one vaccine dose. In low income countries, this figure is just 8.35{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}.

In addition to the logistical challenge of getting vaccines to those who need them, the cost of purchasing them in the first place is the most significant barrier to addressing vaccine inequity.

To get a sufficient number of people vaccinated, experts estimate that poorer countries would have to increase their healthcare spending by 56.6{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, while wealthier countries would only need to increase theirs by 0.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}.

In a LinkedIn plea urging corporate boards and investors to do more to persuade their companies to address vaccine inequity, Dr. Peter Singer — special advisor to the director-general of the World Health Organization (WHO) — puts it starkly:

“Every week, around 50,000 people die of COVID-19. Presumably, most were unvaccinated and didn’t have to die. Without speedy vaccination of the world, millions more will die.”

Dr. Singer adds that doing better is not “just about stopping COVID-19, it’s about keeping everyone safe from the next variant and the next pandemic.”

“It’s also about addressing the underlying structural injustices that perpetuate inequity.”

A new paper by Dr. Andreas Brøgger Albertsen, Ph.D. — of Aarhus University in Denmark — proposes a means of more equitably distributing the cost of the world’s vaccines among governments.

Dr. Albertsen suggests that a progressive vaccine “tax” could be included in the cost of vaccines based on a purchasing nation’s ability to pay.

He notes in his paper that the tax would provide a more workable solution than vaccine equity strategies often discuss. One of the most common of these ideas is that wealthier countries could divert foreign aid funds to vaccinations.

Dr. Albertsen cites two problems with this approach. First, “using [existing] foreign aid to provide vaccines would effectively reduce the amount of assistance given for non-vaccine purposes.” Second, if only some countries increase foreign aid, the financial burden of vaccine equity will be neither evenly nor fairly shared.

The paper appears in the BMJ Journal of Medical Ethics.

By mid-2022, the WHO hopes to have 70{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of the world vaccinated. This is the percentage of coverage that experts initially estimated would be required to overcome SARS-CoV-2.

In January 2021, WHO director Tedros Adhanom Ghebreyesus explained the consequence of vaccine inequity.

“I need to be blunt,” he said. “[T]he world is on the brink of a catastrophic moral failure — and the price of this failure will be paid with lives and livelihoods in the world’s poorest countries.”

To facilitate its goal, the WHO — in partnership with GAVI, the vaccine alliance, the Coalition for Epidemic Preparedness Innovations (CEPI), and UNICEF — has established the COVID-19 Vaccines Global Access, or “COVAX,” initiative.

It is the vaccine arm of the ACT-Accelerator, which is a “groundbreaking global collaboration to accelerate the development, production, and equitable access to COVID-19 tests, treatments, and vaccines.”

The vaccine tax is fairly simple, explains Dr. Albertsen.

“For every vaccine bought,” he says, “a fraction of the price paid for the vaccine is set aside to create a fairer vaccine distribution. Under the vaccine tax scheme, the selling firm is responsible for transferring the money raised in this way to COVAX.”

“COVAX could stipulate that it will only buy vaccines from companies complying with the tax,” Dr. Albertsen told Medical News Today. “This would provide an incentive for the vaccine producers to introduce and adhere to the vaccine tax scheme and not necessarily make it more expensive for COVAX to obtain vaccines.”

Dr. Albertsen says that the amount of the tax — the percentage of a vaccine’s purchase price — must be based on a country’s ability to pay for vaccinating its population.

“It could also be considered fair to exempt low income countries from the tax,” says Dr. Albertsen.

In some countries, the word “tax” has a political meaning that could hamper the proposal’s acceptance. MNT asked Dr. Albertsen if it would be just as accurate to use a less charged term, such as “surcharge” or “fee.”

He replied: “You are completely correct. The other terms you mentioned could have been used instead. What I hoped to achieve by using ‘tax’ was to quickly signal that this would be something that buyers had to pay (i.e., non-optional) once the system is fully implemented.”

Dr. Albertsen asserts that vaccine companies may be incentivized to accept his plan due to assurances of continuing purchases by a tax-committed COVAX.

He also suggests that the steadiness of vaccine demand will reassure manufacturers. He writes in his paper, “The companies hold a strong bargaining position in terms of making the buyers cover this expense.”

Beyond that, Dr. Albertsen told MNT that he feels that the world is eager to solve the vaccine-inequity dilemma.

“I believe that many people, including world leaders, can see that the current unequal distribution of vaccines is unethical.”

He added, “Some countries have, through their actions (i.e., donations to COVAX), shown a willingness to mitigate this, while others have been less forthcoming in that regard.”

Noting that “the vaccine tax does not solve all the problems with vaccine production,” Dr. Albertsen says, “it can work alongside other proposals to solve other problems and can seemingly complement them.”

Joel Osteen church cash discovery renews calls to tax churches

The political left has renewed its calls to tax churches after a plumber at Pastor Joel Osteen’s church found hundreds of envelopes full of cash.

A plumber called into a Houston radio station KILT-FM on Thursday, according to the city’s KPRC-TV. The caller said, “There was a loose toilet in the wall, and we removed the tile. Went to go remove the toilet and I moved some insulation away and about 500 envelopes fell out of the wall.” 

“I was like ‘Oh wow.’ I got my flashlight, shined up in there,” the caller added. 

The envelopes were filled with cash and checks, according to the caller, who said he reported the find to the maintenance supervisor.

“I went ahead and contacted the maintenance supervisor that was there, and I turned it all in,” the caller said.

Joel Osteen speaks during SiriusXM Joel Osteen Radio Town Hall with Joel and Victoria Osteen at SiriusXM Studios on December 16, 2019 in New York City. (Photo by Bonnie Biess/Getty Images for SiriusXM)

In March 2014, Lakewood Church reported that $200,000 in cash and $400,000 in checks had been stolen, in addition to some credit card information.

“Morning Bullpen” host George Lindsey told the TV station he was shocked by the caller’s account.

“Good morning and Happy Friday to everyone who agrees that leaders of filthy rich mega churches like Joel Osteen who stuff the walls of their church with $350,000 in cash should be taxed. In fact, tax ALL of the churches,” wrote a user named BrooklynDad_Defiant!

“Joel Osteen dragging Jesus into the toilet,” wrote author John Pavlovitz.

“Gonna tell my kids this is Joel Osteen,” wrote user who describes himself as “McNeil.” His tweet was appended with an image of fictional meth dealer Walter White showing his hidden cash to his son.

“Tax Joel Osteen. Tax ALL churches. Who agrees?” wrote actress Angela Belcamino.

Lakewood Church said in a statement that cash and checks were discovered recently during work being done on the church, but did not add how much money was found and did not directly confirm what the plumber said.

“Lakewood immediately notified the Houston Police Department and is assisting them with their investigation. Lakewood has no further comment at this time,” the church said.

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Some members of Congress have suggested taxing churches, such as Rep. Jared Huffman, D-Calif., who tweeted, “If they’re going to politically weaponize religion by ‘rebuking’ Democrats who support women’s reproductive choice, then a ‘rebuke’ of their tax-exempt status may be in order.”

Fox News’ Adam Sabes and The Associated Press contributed to this report.

Bob Brockman’s competency to stand trial for tax fraud now in judge’s hands

Medical experts retained by prosecutors and defense lawyers generally agreed that Brockman likely has Parkinson’s disease. But the experts diverged on whether Brockman’s cognitive abilities are mildly impaired or have progressed to dementia.

Three prosecution experts testified that Brockman is exaggerating his symptoms, and two of them have said they believe he is competent to stand trial. Experts retained by Brockman’s lawyers, however, said they believe his impairment extends to his memory, mental processing speed, problem-solving and judgment skills and that he would struggle to understand the complex nature of the case.

A Department of Justice spokeswoman said the department generally does not comment on pending matters. Brockman’s lawyers did not respond to messages seeking comment.

Brockman, 80, was indicted in October 2020 on 39 counts, including tax evasion, wire fraud, money laundering and evidence tampering. He has pleaded not guilty and stepped down from his role as chairman and CEO of dealership management system giant Reynolds in November 2020.

Prosecutors pointed to Brockman’s continuation at the helm of Reynolds — and his seemingly strong performance during two civil depositions in 2019 answering technical business questions and recalling past events — as incongruent with a time period in which his symptoms of cognitive impairment were reported to have appeared. They contend Brockman had both the motivation and the capacity to malinger, or feign symptoms, to avoid prosecution.

Current Reynolds CEO Tommy Barras, who testified that Brockman chose him to be his successor, and former Reynolds CFO Craig Moss testified during the hearing that Brockman remained involved in important company decisions and they had no reason to doubt his cognitive abilities.

Dr. Christopher Whitlow of Wake Forest School of Medicine, a neuroradiologist retained by the defense, testified that images of Brockman’s brain, including MRI and PET scans, show a pattern that raises concerns about dementia. Whitlow testified that brain scans also show Brockman has lost brain volume, raising concerns about potential loss of cognitive function.

A second defense medical expert, Dr. Thomas Guilmette of Providence College in Rhode Island, testified that Brockman’s deposition performance two years ago could not be replicated today and that Brockman likely was able to draw on deep, retained knowledge of the topics at issue even if he was experiencing dementia at the time.

Toyota takes on Democrats’ union-friendly EV tax credit with major U.S. ad campaign

Toyota’s advertisement comes as opposition to the proposed EV tax credit multiplies, with other international automakers, Republican governors from auto states, and the countries of Canada and Mexico criticizing the proposal.

A group of 25 ambassadors to Washington also questioned the proposal in a letter sent Friday to House Speaker Nancy Pelosi, Minority Leader Kevin McCarthy, Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell.

The ambassadors, who represent Germany, Japan, France, South Korea, Italy, the European Union and other countries, said the legislation “if implemented, would violate international trade rules, disadvantage hard-working Americans employed by these automakers and undermine the efforts of these automakers to expand the U.S. EV consumer market to achieve the administration’s climate goals.”

Autos Drive America, a group that represents the U.S. operations of international automakers, including Toyota, said the ambassadors’ letter “should make the administration and Congress realize that this is just bad policy.”

“It discriminates against American workers, undermines global climate change goals and threatens our relationships with our trading partners,” Jennifer Safavian, CEO of Autos Drive America, said in a statement. “Tax incentives should be fair and equal for all EVs.”

The White House last week unveiled a slimmed-down $1.75 trillion tax and spending framework that keeps in place the House proposal, including the union-built provision.

The framework’s EV tax credit “will lower the cost of an electric vehicle that is made in America with American materials and union labor by $12,500 for a middle-class family,” according to a fact sheet released by the White House.

The American International Automobile Dealers Association, which represents more than 9,000 international-nameplate dealers in the U.S., criticized the framework and called the tax credit “discriminatory” in a statement last week.

“The inclusion of this $4,500 UAW-only tax credit is an insult to the 673,000 Americans who work in international nameplate manufacturing plants and dealerships,” AIADA CEO Cody Lusk said. “Far from ‘Building Back Better,’ this provision makes it more difficult for Americans to buy green vehicles, as it can only be applied to a handful of the more than 60 electric vehicles available for sale today.”

AIADA said its dealer members are asking Congress and Biden “to stop playing politics with car sales and start working for all Americans — not just those who pay union dues.”

EV tax credit proposal shows international car dealers have few friends in Washington

There is a popular and apocryphal quote, attributed to Harry S. Truman, which advises that, “If you want a friend in Washington, buy a dog.”

International dealers have never felt the truth in that statement as powerfully as we do now. Our friends in Washington are few and far between these days as we seek protection against an un-American provision being shoehorned into the Build Back Better Act to benefit the UAW. The provision would offer consumers a $4,500 tax credit for buying an electric vehicle, but only if that vehicle was assembled in a union-represented plant.

The language is transparently a political payment from politicians to the unions that fund their campaigns. After all, a union-only tax credit doesn’t promote EV sales. It drastically limits EV choices for consumers and will slow the conversion to electric vehicles. It also doesn’t protect American workers. Today, 673,000 Americans are employed by nonunionized international nameplate manufacturers and dealers (not including Tesla and others). And it certainly doesn’t benefit taxpayers, whose money will go to subsidize a narrow sector of the American auto industry, concentrated in just a few Midwest states.

You would think a concept this unscrupulous would have been scratched by now. You would think that every senator and representative who has an international brand plant in their state or district would be shouting on the rooftops against this provision. And you’d be wrong.

Only a handful of brave lawmakers have stood up against the union-only tax credit. Recently included in that group is West Virginia Sen. Joe Manchin, a Democrat, as well as my representative, Andy Barr, R-Ky. If you also have legislator who’s taken a strong negative position on this provision — thank them! And congratulations on having a true friend in Washington.

If you don’t know where your representative and senators stand, now is a great time to contact them directly and ask what they’re doing to protect all American workers and the environment. Visit aiada.org/ev to send a letter, or a quick video, directly to your legislators. Friends or not, they answer to us, and they need to be prepared to defend their position on this damaging and crooked proposal.

In the meantime, feel free to get a dog. Or simply rest assured that no matter what happens in the next few months, you will always have one steadfast friend in Washington: the American International Automobile Dealers Association. We will never waver, obfuscate or hesitate when it comes to protecting your interests on Capitol Hill. We can’t be bought off by the UAW, and we’re not going to stay silent to protect our political influence. For more than 50 years, we’ve had one mission — to protect international nameplate dealers. We’re not afraid of any fight, and we won’t be sitting this one out.

CBO: Biden spending bill will add $367B to deficit, not counting IRS tax enforcement plan

The nonpartisan Congressional Price range Business office believed Thursday that President Biden’s social expending invoice will increase $367 billion to the federal deficit in excess of the subsequent 10 several years, without the need of counting potential earnings from an IRS tax enforcement crackdown that White Property officers assert will protect the remaining cost.

“CBO estimates that enacting this laws would result in a net enhance in the deficit totaling $367 billion above the 2022-2031 interval, not counting any supplemental income that may perhaps be generated by further funding for tax enforcement,” the CBO explained in a launch.

The CBO rating raises uncertainties about the Biden administration’s declare that the $1.75 trillion in paying out outlined in a framework settlement for the “Construct Again Much better Act” is absolutely coated by offsets bundled in the monthly bill. Treasury Section and White Residence officers say enhanced IRS tax enforcement will deliver $400 billion in new tax income, while the CBO estimates it would produce net revenue of about $127 billion soon after bills.

BIDEN Shelling out BILL’S TAX ENFORCEMENT Plan WOULD Lead to AUDITS TO DOUBLE, GOP MEMO Claims

President Joe Biden attends a virtual COVID-19 summit all through the 76th Session of the United Nations Basic Assembly, in the South Courtroom Auditorium on the White Dwelling campus, Wednesday, Sept. 22, 2021, in Washington. (AP Picture/Evan Vucci) (AP Picture/Evan Vucci / AP Newsroom)

Treasury Secretary Janet Yellen reiterated the department’s stance on IRS tax profits soon after the CBO evaluation was released, citing the budget agency’s scores and a different analysis by the Joint Committee on Taxation. The JCT’s rating observed the bill was not likely to incorporate to the deficit, even though it did not choose the IRS steps into account.

“The mixture of CBO & JCT’s scores about the very last 7 days and Treasury evaluation make it apparent that Make Back Improved is entirely compensated for, and in reality will reduce our nation’s financial debt more than time by means of $2 trillion+ in profits raisers and other personal savings,” Yellen mentioned.

The Home is envisioned to vote on the investing monthly bill Thursday night. Republicans oppose the laws, arguing it is fiscally irresponsible and would lead to growing inflation.

If the bill passes the Household, it will carry on to the Senate, the place Democrats keep a razor-slender vast majority. Moderates, together with Sen. Joe Manchin, D-W.Va., and Sen. Kyrsten Sinema, D-Ariz., continue being crucial roadblocks to its ultimate passage.

U.S. Treasury Secretary Janet Yellen speaks during a information conference with Irish Finance Minister Paschal Donohoe at Government properties in Dublin, Ireland, Nov. 1, 2021. REUTERS/Clodagh Kilcoyne (REUTERS/Clodagh Kilcoyne / Reuters Pictures)

The administration states the framework agreement’s “pay back-fors” will generate nearly $2 trillion in income via 2031, covering the bill’s value and lowering the federal deficit. The White Residence claims substantially of the earnings will derive from larger taxes on businesses and the wealthiest People, as perfectly as enhanced IRS tax enforcement.

Biden administration officers say the IRS proposal on your own would deliver $400 billion in new tax earnings, although a 15{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} minimum amount tax on significant organizations would make $325 billion.

The White Property began pushing again on the CBO’s results on the “Create Again Improved Act” even prior to the final price tag estimate was released. Earlier this 7 days, CBO Director Phillip Swagel reiterated the agency’s stance that enhanced IRS enforcement would elevate about $120 billion by 2031, properly short of the White House’s $400 billion goal.

House Speaker Nancy Pelosi of Calif., listens to a problem from a reporter through a information conference on Capitol Hill in Washington, Thursday, Oct. 28, 2021. (AP Photograph/Andrew Harnik) (AP  / AP Newsroom)

“CBO does not have knowledge examining earnings amounts attained from tracking down rich tax cheats who are having benefit of every single sincere taxpayer,” White Property spokesman Andrew Bates mentioned throughout a press gaggle before this week. 

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At the time, Bates included that “CBO’s fiscal information, so far, traces up with our estimates that we released to all of you for costs, or they even arrive in below our estimates.”

An before vote on the paying bill was delayed after a group of average Dwelling Democrats insisted the CBO rating the invoice so they could improved recognize its expenditures.

This story has been up-to-date.