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  • You'll excuse me while I laugh

    They LOVED Obamacare and the taxes in it when it was up for a vote. Now that the taxes are real and the companies in their districts are looking at paying it, Dems aren't loving the Obama taxes so much.



    Sixteen Democratic senators who voted for the Affordable Care Act are asking that one of its fundraising mechanisms, a 2.3 percent tax on medical devices scheduled to take effect January 1, be delayed. Echoing arguments made by Republicans against Obamacare, the Democratic senators say the levy will cost jobs — in a statement Monday, Sen. Al Franken called it a “job-killing tax” — and also impair American competitiveness in the medical device field.

    The senators, who made the request in a letter to Senate Majority Leader Harry Reid, are Franken, Richard Durbin, Charles Schumer, Patty Murray, John Kerry, Kirsten Gillibrand, Amy Klobuchar, Joseph Lieberman, Ben Nelson, Robert Casey, Debbie Stabenow, Barbara Mikulski, Kay Hagan, Herb Kohl, Jeanne Shaheen, and Richard Blumenthal. All voted for Obamacare.

    Two other Democrats, senators-elect Joe Donnelly and Elizabeth Warren, also signed the letter. Donnelly voted for Obamacare as a member of the House. Warren was not in Congress at the time.

    “The medical technology industry directly employs over 400,000 people in the United States and is responsible for a total of two million skilled manufacturing jobs,” the senators wrote in a December 4 letter to Reid. “We must do all we can to ensure that our country maintains its global leadership position in the medical technology industry and keeps good jobs here at home.”

    Beyond that, the senators say, the medical device industry “has received little guidance about how to comply with the tax” — a reference to the apparently confused and halting nature of the Obama administration’s implementation of Obamacare.

    Several of the senators, many of whom have medical device manufacturers in their states, have opposed the tax for a long time. During the Obamacare debate, for example, Franken and Klobuchar were among a group of senators who successfully pushed to reduce the tax. (The device giant Medtronic is headquartered in Minnesota.)

    On Monday, Franken again expressed his opposition to the tax he voted for. “I want to repeal the medical device tax altogether,” the senator and former comedian said in a statement. “But I am concerned that we are running out of time before this job-killing tax goes into effect. So, for now, the best thing to do to ensure that this important industry continues to create jobs and producing life-saving devices is to delay this unwise tax.” Franken and other want Reid to include a provision to delay the tax in the ongoing fiscal cliff negotiations.

    None of the senators found his or her earlier objections to the tax a sufficient reason to vote against Obamacare. In December 2009, with 60 votes in the Senate and a determined Republican opposition, Democrats needed every vote they could get to pass the president’s national health care plan. But now, with Obamacare — and the taxes to fund it — about to become a reality, some of those Democrats are singing a different tune.


    I wear a Fez. Fez-es are cool

  • #2
    I've decided that both the senate and the house are a joke. So to me it's a WTFever deal.
    Originally posted by PGreenCobra
    I can't get over the fact that you get to go live the rest of your life, knowing that someone made a Halloween costume out of you. LMAO!!
    Originally posted by Trip McNeely
    Originally posted by dsrtuckteezy
    dont downshift!!
    Go do a whooly in front of a Peterbilt.

    Comment


    • #3
      Saw that on Stossel's website today. The best is in bold. Let them choke on it.....

      Today 16 Democrats who voted for Obamacare suddenly decided that they don't like the new 2.3% tax on medical devices is scheduled to take effect Jan 1.

      Good! They're hypocrites, but at least they've finally figured out that taxes kill good things. Minnesota Senator Al Franken calls it a "job-killing tax." No kidding.

      The 2.3 percent tax is particularly evil because it will take 2.3 percent of sales, not profits. Some companies' profit is less than that, so this tax will kill them off. That's tragic. We need more medical devices, not fewer.Al Franken was once my neighbor. Our kids went to school together. I tried to educate him about economics. I failed.

      I assume what woke Franken up was learning that his state has the most medical device makers per capita of any state in the country. They donate to his campaigns. They pay people to lobby him. So suddenly he opposes this particular new tax.

      That's how politics works. Online gambling is banned in the U.S., but online gambling on horse-racing is legal. That's buried in subsection (10)(D)(i) of Section 5,362 of Chapter 53 of Title 31 of the US Legal Code, where it says:

      ‘Unlawful Internet gambling' shall not include any activity that is allowed under the Interstate Horseracing Act of 1978


      The horse-racing industry pays lobbyists.

      A new bill proposed by another clueless Senator, Harry Reid, would allow online gambling, but only for poker, and only to existing casinos "that have an established track record of complying with a strict regulatory environment."

      That's logical, coming from a Senator from Nevada. His state has most of the existing casinos! They'd love a government-supported monopoly on online poker.

      Reid's bill would also require places that want to take bets on horse-racing to have:

      (i) at least 500 gaming devices at one physical location; or

      (ii) ...at least $225,000,000 in all-source gross wagering... during any 3 of the last 5 calendar years preceding the date of the enactment of this Act

      How sleazy is that? Looks like Harry doesn't want his casino buddies to have competitors. His bill would even increase penalties for all other online gambling.

      This is why companies spend billions on lobbying, and why land values in Washington, DC are at record highs. Law-making is good for lobbyists and politicians, but usually bad for America.

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      • #4
        Looks to me like the price of medical equipment will be going up 2.3%
        The companies won't take the hit, they will raise the price on the consumer.

        Comment


        • #5
          Originally posted by blownaltered View Post
          Looks to me like the price of medical equipment will be going up 2.3%
          The companies won't take the hit, they will raise the price on the consumer.
          Thus resulting in a catch 22. They will use their competitiveness the way mentioned in the article and/or the latter. Pick your poison.
          Originally posted by Cmarsh93z
          Don't Fuck with DFWmustangs...the most powerfull gang I have ever been a member of.

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          • #6
            None of them read the fucking thing to begin with. It was all about politics for the Dems, and "winning". The funny part is that this is nothing compared to the long term ramifications of that turd.
            The 2.3% tax is on EVERYTHING considered a "medical device", and I can assure you that the definition of "medical device" will be stretched beyond reason.

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            • #7
              What a joke, ignorant politicians

              Comment


              • #8
                Originally posted by blownaltered View Post
                Looks to me like the price of medical equipment will be going up 2.3%
                2.354145342886386898669396110542% or so, actually

                Paying the 2.3% tax on only a 2.3% increase would still cost them about .0529%.
                Originally posted by Broncojohnny
                HOORAY ME and FUCK YOU!

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