Obamacare's Medical Device Tax a Silent Job Killer
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- Created on Wednesday, 07 November 2012 13:09
- Written by Cliff Levine
Liberalism generates the exact opposite of its stated intent. After dissecting Obamacare and its near 30,000 pages of footnotes, the law "fundamentally transforms" every aspect of the health care industry. A little known piece of Obamacare is the 2.3% tax on medical devices, which has a far-reaching impact. While Obama and Democrats claim they haven't raised taxes, Obamacare alone includes numerous taxes that hit both individuals and businesses. This new device tax has already started to impact the market, causing businesses to announce layoffs.