Tell me again how great Obamacare is supposed to be for our country. Remind me how it is supposed to help individuals and businesses. Explain to me how it is supposed to make everything better. Then try telling all of that to Indiana-based Cook Medical. Thanks to the new tax on medical devices that will be going into effect next year, they are having to scrap plans to expand their business into five Midwestern communities. So much for job creation.
(Fox News) Cook Medical claims the tax on medical devices, set to take effect next year, will cost the company roughly $20 million a year, cutting into money that would otherwise go toward expanding into new facilities over the next five years.
“This is the equivalent of about a plant a year that we’re not going to be able to build,” a company spokesman told FoxNews.com.
He said the original plan was to build factories in “hard-pressed” Midwestern communities, each employing up to 300 people. But those factories cost roughly the same amount as the projected cost of the new tax.
“In reality, we’re not looking at the U.S. to build factories anymore as long as this tax is in place. We can’t, to be competitive,” he said.
Yes, this is our government, hard at work to preserve jobs. As is almost always the case, anything the government tries to do usually has consequences that reach far past the original intent of the law. (Actually, in the case of Obamacare, I’m not so sure the consequences were not the original intent.)
Is this supposed to be a good thing? The five plants in question would have employed up to 1,800 people. That employment would have resulted in greater revenue for each community. Tax revenues would have naturally gone up, as people with more money to spend usually spend more money. The economic impact of these 1,800 jobs would have reached far past their original employment.Jobs wouldn’t have been “saved”, but rather created. People who previously held no job would have been able to better support their families. Real hope and change would have ensued, instead of the lies and half-truths we are being fed by the liberals, with the Obama White House right up front. William Teach says it better than could I.
(Pirate’s Cove)Wouldn’t it make more sense to decrease taxes, meaning people would purchase that product in greater numbers, a product made in America by (hopefully) American workers, so that the company can make more money, which means more tax money is paid to the state and local governments through sales tax and, because earnings are greater, more income tax to the state and federal governments? In Liberal World, they’d just prefer the money goes straight to the federal coffers, and damned the consequences.
It seems we are stuck with Obamacare, at least for the time being. Unless true conservatives are able to take over the Senate, and build a stronger majority in the House of Representatives, we stand not a chance of repealing it with meaningful reforms. Even then, our efforts will be severely hamstrung, unless President Obama is removed from office and sent back to Chicago or Hawaii. If he defeats Mitt Romney, he will fight any effort to remove Obamacare from the books. Given his past tendency to heed no one’s advice but his own, Obamacare is here to stay, as long as he is in office.