Green Room

RE: This medical device tax is just not going to end well

posted at 4:13 pm on November 15, 2012 by

As Obamacare continues to do exactly what all of us said it was going to do— forcing layoffs, cutbacks on hours, doctor shortages, and slowed innovation—the favorite trope of the Left is just to call any business person who fights to stay above water while Obama’s drowning them big, greedy meanies.

How will they explain this one?

Now one of the biggest device manufacturers, Stryker Corp., has tied plans to slash 5% of its global workforce – in part by shuttering two New York plants – to the tax. Stryker said it will close its West Seneca, New York plant in September, impacting 11 employees, and its Orchard Park, New York facility in December, eliminating 96 jobs there. The firm said it would provide laid-off employees with severance packages, counseling and job placement services. Stryker acquired the plants in 2010 with its purchase of Gaymar Industries, which specialized in support surface and pressure ulcer management products as well as temperature management.

Stryker said last November that it would eliminate 5% of its global workforce as part of an effort to realize $100 million in annual productivity gains to offset the hit when the excise tax takes effect in 2013.

And, who is part-owner of Stryker?

Jon L. Stryker, an investor, architect, philanthropist and $2 million Priorities USA donor, derives his fortune from shares of Stryker Corp., a medical device manufacturer, that he inherited. According to the most recent disclosure filed with the Securities and Exchange Commission, Stryker owns 3.2 million shares of the company outright, and shares control with his siblings of another 15.3 million shares through a trust. Lobbyists for Stryker Corp. have reported spending $435,000 over the past two years lobbying on multiple issues, including bills that would repeal the medical device tax included in the Affordable Care Act, better known as Obamacare.

Greedy meanie.

Recently in the Green Room:

Blowback

Trackbacks/Pings

Trackback URL

Comments

Stryker makes most of my lapraoscopic equipment.

Thier main competitor is Karl Storz – a company based out of Germany.

The cost of a new laproscopic tower, new video hand pieces and the new scope heads cost in the neighborhood of 120,000$

Green_Bay_Packers on November 15, 2012 at 4:23 PM

Jon L. Stryker, an investor, architect, philanthropist and $2 million Priorities USA donor,

I have zero sympathy for him.

derives his fortune from shares of Stryker Corp., a medical device manufacturer, that he inherited.

His father must be turning over in him grave knowing that his son gave $2M to Priorities USA.

BTW, isn’t it kind of creepy how 0bama for America, Media Matters, Priorities USA and all these other left-wing websites use the exact same font, colors and page layout?

And as a final slap in the face to conservatives, they use the image of Ronald Reagan to push their far left agenda.

UltimateBob on November 15, 2012 at 4:29 PM

It would be very well if the medical device tax would end. But the tax will persist, and so it will be lives that are just not going to end well.

86 on November 15, 2012 at 4:33 PM

BTW, isn’t it kind of creepy how 0bama for America, Media Matters, Priorities USA and all these other left-wing websites use the exact same font, colors and page layout?

Sure is.

And as a final slap in the face to conservatives, they use the image of Ronald Reagan to push their far left agenda.

UltimateBob on November 15, 2012 at 4:29 PM

And don’t think for a moment they didn’t mean it exactly that way.

Dirt McGirt on November 15, 2012 at 5:57 PM

I’m looking forward to when all the Dim women find out their tampons are going to cost more now — because of new Obamacare taxes.

Romney wasn’t going to take away their tampons (despite the internet rumors); he was just going to make them less expensive (by issuing waivers for Obamacare for everybody). But hey, maybe Barry will give Dim ladies a new subsidy to purchase tampons — to go along with their food stamps, welfare, “free” contraceptives and abortions, and all their other taxpayer-funded goodies.

AZCoyote on November 15, 2012 at 6:07 PM

Whatever. Stryker spent $2 mil getting Obama reelected and most of his employees probably voted for Obama. I couldn’t care less. Suffer rubes.

WarEagle01 on November 15, 2012 at 6:48 PM

My dad works in medical devices in Minneapolis. I gather they’re in full melt-down mode up there as well as this hits home.

I’d feel worse for him if he, nominally a lifelong GOP’er, hadn’t been pretty much planning to vote Obama last we spoke. I suspect he did in ’08 as well, despite contributing to Norm Coleman.

TexasDan on November 15, 2012 at 10:05 PM

Jon L. Stryker, an investor, architect, philanthropist and $2 million Priorities USA donor, derives his fortune from shares of Stryker Corp., a medical device manufacturer, that he inherited. According to the most recent disclosure filed with the Securities and Exchange Commission, Stryker owns 3.2 million shares of the company outright, and shares control with his siblings of another 15.3 million shares through a trust. Lobbyists for Stryker Corp. have reported spending $435,000 over the past two years lobbying on multiple issues, including bills that would repeal the medical device tax included in the Affordable Care Act, better known as Obamacare.

HA HA!

Myron Falwell on November 15, 2012 at 10:28 PM


HotAir — Politics, Culture, Media, 2017, Breaking News from a conservative viewpoint
Top Pick

“…the reality is the reality.”

Top Pick

These kiosks don’t make $15 per hour or need benefits

Going for the record

“We will answer them on the field”

Taking it to the limit

Sunday morning talking heads

Jazz Shaw Jun 25, 2017 8:01 AM

Health care and tweeting and Russia, oh my!

Will they stay or will they go?

I can’t imagine what I was thinking when I said that

Rocking the boat majorly

Big government never contracts. It only grows more powerful

It’s only a “ban” until it becomes inconvenient

The decline and fall of Obamacare and the AHCA

Jazz Shaw Jun 24, 2017 8:31 AM

This was all over before it began

Fixing crime in America is a complicated issue

Taylor Millard Jun 23, 2017 8:31 PM

Cops alone won’t solve it.

Victim’s father was President Maduro’s supervisor back when he was a bus driver.

Democrats forgot all about the “era of good feelings”

“Bernie and Jane Sanders have lawyered up.”

“the Judiciary Committee is examining the circumstances surrounding the removal of James Comey.”

Winning isn’t everything. It is the only thing

Trump signs VA reform bill into law

John Sexton Jun 23, 2017 2:41 PM

“What happened was a national disgrace, and yet some of the employees involved in these scandals remained on the payrolls.”

A new era of something.

“…died suddenly in less than a week just after his return to the U.S.”

The shortsightedness of “Denounce and Preserve”

Taylor Millard Jun 23, 2017 12:11 PM

Pragmatism for the sake of pragmatism doesn’t always work.

Perhaps if you threw in a new car?

Gay marriages still growing, but not as fast

Andrew Malcolm Jun 23, 2017 10:31 AM

More, but not as quickly.

Should’ve stuck with the pirate gig. It was working for him

The battle for the rubble of Raqqa is underway

Andrew Malcolm Jun 23, 2017 8:51 AM

Won’t be much left.

Your list of demands is a publicity stunt

“what happened that day was emblematic of a deeply troubling trend among progressives…”

“The jobs are still leaving. Nothing has stopped.”

Bad vendor. Bad! No cookie!

“The Corps is just starting to grapple with the issues the court has identified.”

“So you want me to sing my praises, is that what you’re saying?”

Why would we possibly want that?

“I mean he sold our country to The Russians.”

I could think of someone else you might want to ask about…

“You can ask a hundred people what hate speech is and you get a thousand different answers”