Thursday, October 21, 2010

ObamaCare’s Crippling Taxes | FrontPage Magazine

Financially this is very telling. The Obamacare tax would possibly wipe out 80% of this Company's profit. There are those of you out there that would say GOOD! "They" are too greedy anyway!
Why do any of you think this is static? Why do you just surmise this manufacturer will continue to do business at anf for the governments bidding? Have you thought of the fact he just may fold his tent and go home? Why should he take all these risks for no reward for anything other than being told he is a Fat Cat business owner and "owes" his fair share...why does the Left just assume everyone will just roll over and do it's bidding at any cost?

ObamaCare’s Crippling Taxes | FrontPage Magazine:

Innumerable patients can be served by medical devices and new technologies if the medical device industry can bear the new tax. One large equipment maker, for example, who may be taxed out of business, explains why, according to an Oct. 14 report. The company makes equipment that could reduce our leading cause of death–heart disease–which killed more than 600,000 people last year. The company, Zoll Medical, makes electric paddles, called automated external defibrillators (AEDs). They can shock to life a stopped heart and restore its rhythm. A few years ago, these medical devices could be used only by trained professionals. A spokesperson for Zoll Medical said the 2.3 percent tax on medical devices will increase the company’s tax bill by an amount which could eliminate 80 percent of its profits. This would leave little resources to invest in future research and development."

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