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Five New ObamaCare Taxes Coming January 1

HarryReidsAGreatAmerican Wrote: Nov 28, 2012 10:21 AM

"What is wrong with medical devices...if you need a Cat-scan you will be happy it was produced...might not be at your hospital after January...but you will be put on a waiting list until one is available. " The companies will not cease manufacture of 7-9 figure devices because of a 2.5% tax increase. That is crazy talk.

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Buck O Wrote: Nov 28, 2012 10:28 AM

It hurts productivity, idiot.

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Five New ObamaCare Taxes Coming January 1

Although some of the "fiscal cliff" taxes can be avoided through a deal made in Congress, new ObamaCare taxes are guaranteed to kick in on January 1, amounting to $268 billion tax hike. From Americans for Tax Reform:

The Obamacare Medical Device Tax – a $20 billion tax increase: Medical device manufacturers employ 409,000 people in 12,000 plants across the country. Obamacare imposes a new 2.3 percent excise tax on gross sales – even if the company does not earn a profit in a given year. In addition to killing small business jobs and impacting research and...

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