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Senate Democrats: Um, Let's "Postpone" Obamacare's Medical Device Tax

JPK2 Wrote: Dec 12, 2012 1:15 PM
"Senate Democrats: Um, Let's "Postpone" Obamacare's Medical Device Tax." You don't say. This reminds me of the 1993 Luxury Tax Inrease. You see, millionaires love to buy yachts, and Conneticut has quite a few well known yacht manufacturers. The month that the tax was implemented, these companies saw their orders drop 85%. Now, Conneticut had 2 well known and senior Senators (Chris Dodd, and Joe Liebermann). Both Senators voted enthusiastically for all of the Clinton tax hikes - including the Luxury Tax. By the end of the month, Congress very quietly removed the 50% increase in the Federal Luxury Tax.

What a pity.  If only someone had demonstrated the foresight to warn against the destructive consequences of Obamacare's medical device tax, they might have helped turn public sentiment sharply against the law prior to passage.  Oh, that's right, conservatives did -- and the American people rose up in opposition.  Now, the very actors who are most responsible for ignoring public demands and jamming through Obamacare are trying to "delay" or repeal a major element of their law, warning that it could stifle medical innovation and kill jobs.  Welcome to the party, guys.  You're about two years too late: