Skip to comments.Indiana company scraps plans for expansion over ObamaCare device tax
Posted on 07/27/2012 5:02:04 PM PDT by tobyhill
An Indiana-based medical equipment manufacturer says it's scrapping plans to open five new plants in the coming years because of a looming tax tied to President Obama's health care overhaul law.
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.
(Excerpt) Read more at foxnews.com ...
1. Johnny One-Note 5 up, 1 down
A one-hitter who repeats the same tired mantra over and over. It’s used to described some shrill, tired ideologue or academic that pompously echoes some quaint notion or idea endlessly, and expects everyone to see his supposed wisdom and bow in concurrence.
1. Johnny One-Note AKA DIOGENESIS
A one-hitter who repeats the same tired mantra over and over. Its used to describe some shrill, tired ideologue or academic that pompously echoes some quaint notion or idea endlessly, and expects everyone to see his supposed wisdom and bow in concurrence.
They didn’t build that, anyway.
You are such an enormous azz that it leaves half of the Free Republic braying in peals of laughter. - Think I'm kidding you? LOL!
What a gay boy you are. Our own little self described "Diogenesis."
We have a country to protect little boy, and defeating the muslim impostor is paramount to this end.
Go home little one, your mother is calling you.
Again, BTW, Obama called - He wants his brain back, okay?
Doug, haven’t seen you around for awhile. Ignore the person he detracts from the conversation.
Any reader can see that YOU support RomneyCARE/ObamaCARE
and DEATH PANELS. Hopefully, they will see
that some who support Mitt Romney are vicious idiots,
and will withdraw their support for him
and his DEATH PANELS (which was what this thread is about).
My time here has been limited because of the Obamaconomy and necessity to work more hours than I could have ever imagined.
It is hard to ignore the crazy spammer who detracts from every thread. He will influence no one and appears to want to be a pest or he gets off by people seeing his posts.
It's the new OBoolean calculus which states that cutting Medicare funding by $500B improves the service and lowers the deficit. By the same token, having the highest corporate tax in the world and increasing taxes on the $250k+ earners creates jobs. You have to have a "D" after your name to understand such advanced mathematical principles.
The medical device industry is one industry where the United States is still highly competitive.
And now Obama wants to punish it with a specific taxation aimed against it.
Recall as well the original stated purpose of the Affordable Care Act: to lower the cost of health care...
By raising taxes...???
Raising taxes makes everything cheaper for everybody.
May not be a direct quote. But I'd bet she's said something very much like this at some time...