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ObamaCare Strikes Again

The Obama Timeline author Wrote: Jan 22, 2013 1:00 PM
Worse yet, it is a 2.3 percent tax on gross income. Even if the company's net profit is only one percent, it must nevertheless pay the 2.3 percent tax. That means it must operate at a loss - a good way to ensure that it goes out of business!

"Nothing is so well calculated to produce a death-like torpor in the country as an extended system of taxation and a great national debt."

--William Cobbett

What is it with this administration -- a general envy and resentment of success ("You didn't build that!") or just a general incompetence at anything to do with basic economics? Like the old and bitter truth that the surest way to make something scarcer is to tax it.

The administration's latest victim is the American medical-device industry -- the people who make everything from body-scanning...

Tuesday, June 18 | 08:45 PM ET
Tuesday, June 18 | 08:45 PM ET
Tuesday, June 18 | 08:45 PM ET
Tuesday, June 18 | 08:45 PM ET