Skip to comments.Harry Reid: ObamaCare's Medical Device Tax Is "Stupid"
Posted on 09/26/2013 11:44:59 AM PDT by bryan999
Senate majority leader Harry Reid called the Obamacare medical device tax "stupid" at a briefing today on Capitol Hill.
"Listen, I know you have been listening, but we want a clean CR--that's what we're going to get," said Reid. "If they want to shut down the government, here's how much time they have to figure out it: 4 days, 11 hours, 22 minutes, and 15 seconds. No, they can play around all they want. Some of the biggest supporters for doing away with the stupid tax--I'm sorry, I shouldn't have said that--doing away with that tax have told me they won't support that on CR."
Reid was referring to the medical device tax in Obamacare.
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I agree with Harry for once. But where will the necessary additional revenue come from?
Some of Harry’s best friend$ are medical device manufacturers.
I wonder if Harry is beginning to hear voices in HIS head?
Being a person that works for a medical device manufacturer, I also believe the tax is stupid.
How long before they start calling it “Bushes” Obamacare plan?
I myself work in this industry and this tax sure as hell isn’t smart. Its just another job killer from the Oblunder.
Almost everything Obama does is stupid. Obama can’t help himself. Stupid is as stupid does.
While I am not in the industry, I am a mathematician, and the math is so basic it shouldn't need to be explained - except to a liberal. The idea is to raise taxes to subsidize medical care. Adding a tax to medical care increases the price of that medical care by the value of the tax plus the cost of administering the tax. Regardless of the level of tax imposed on medical care, it will put you further behind than if there was no tax. Or did the socialists really think medical device manufacturers would simply accept lower profits once the far left raised their taxes?
A local medical device manufacturing plant is, of course, has to pay the tax.
It means that EACH employee has to earn an extra $40 PER HOUR of profit for the company for this single tax.
Fortunately, as one EE told me, that’s only peanuts to the company, and won’t even be noticed.
I just KNOW that Ditzy Harry isn’t going to try and short change the American Treasury by giving away these funds?
I mean, that is an expense to the government, I mean,giving away tax breaks like that!
I cannot believe that he is willing to let women and children DIE just because of some little, unknown, none-significant tax on medical devices.
HE IS A MONSTER! /s
Problem: Healthcare Insurance is NOT affordable.
Obamacare: RAISES the cost of health insurance and then fines people for not having health insurance! Sounds like a DEFINITE Democrat plan!