18 Dem Senators seemingly unaware that Obamacare tax would kill jobs
posted at 4:41 pm on December 11, 2012 by Ed Morrissey
I guess you really do have to pass the bill to find out what’s in it. In a letter to Harry Reid, 18 Democratic Senators requested a delay in implementing the medical-device tax, because it just came to their attention that we are a net exporter of medical devices, and it would be nice to not kill that advantage by sapping it of capital needed for future innovation and jobs, at least for now.
As discussions on the fiscal cliff and our nation’s economic future progress, we write to request a delay in the implementation of the medical device excise tax scheduled to take effect on January 1, 2013.
The medical technology industry directly employs over 400,000 people in the United States and is responsible for a total of two million high-skilled manufacturing jobs. Additionally, this industry is also one of the few that enjoys a net trade surplus, significantly boosting U.S. exports around the globe. In an environment focused on increasing exports, promoting small businesses, and growing high-tech manufacturing jobs for the future, 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.
With this year quickly drawing to a close, the medical device industry has received little guidance about how to comply with the tax-causing significant uncertainty and confusion for businesses. As we work together to develop a long-term solution to help move our economy forward, reduce our debt and reform our tax code, we urge you to support delaying enactment of this provision in a fiscally responsible manner.
Thank you for your consideration. We look forward to working with you on this critical issue that will benefit patients, innovators and boost our country’s economic growth.
The list includes both geniuses from my state that voted for this tax before they opposed it, at least temporarily. Here’s a question: if the tax is bad in the short run, why is it good for this industry in the long run?
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