Skip to comments.Welch Allyn job cuts are related to new tax mandated by health care law
Posted on 09/11/2012 4:36:51 AM PDT by Behind Liberal Lines
Skaneatles Falls, NY -- Welch Allyn told employees at companywide meetings this morning that it plans to cut 275 jobs, or about 10 percent of its worldwide workforce. The uncertainty surrounding the future of the Obama health care package is creating turmoil in the domestic market, [Chief Executive Steve Meyer] said. Hospitals and doctor offices aren't investing in new equipment until they see how the health care issues will play out, Meyer said.
Welch Allyn and other medical device makers face a new federal tax hike come January when a new 2.3 percent tax on sales of medical devices called for under the Affordable Care Act takes effect, he said.
For example, a company that has $100 million in sales would pay $2.3 million in tax, Meyer explained. If that same company earns $10 million in profit that tax now represents a 23 percent dip in the bottom line, he said.
(Excerpt) Read more at syracuse.com ...
That Obama administration sure creates new jobs ,doesn’t it?
One has to wonder if the object of his administration is to put all of America on Unemployment ,Welfare, or Food Stamps.
This is a president who thinks a successful business ‘didn’t build that.’
I’m sure it is.
One has to wonder if the object of his administration is to put all of America on Unemployment ,Welfare, or Food Stamps......We don’t have to wonder. He absolutely told Joe The Plumber THAT was his goal, and I caught it.
I know I won`t be making any big-ticket purchases at least until 2017 if 0bama is reelected.
Well that action should cause some people’s blood pressure to rise
To make this move now tells me they think the pResident will be re-elected or...Romney won’t repeal it if he wins.
Either way, this country is in trouble.
This is very discouraging news on several levels.
And the Regime will heartily welcome all 275 into the new “American Dream”.. the permanent entitlement world of welfare, unemployment, EBT cards, free cell phones and breakfast, lunch and dinner at school for the kids. All in exchange for their independence, dignity, and of course, their vote.
The wonder of centrally controlled economies and their 5-year plans all run by our “best and brightest” elites! They create innovation and wealth for all. Compare that to the terribly inefficient “invisible hand” which misallocates capital and creates misery.
Only if they are from a protected group, of course. But protected groups are the last to go in a layoff.
Welch Allyn is a business that has been owned by a fine family for several generations. They are good people, and I hate this for them.
This is very dangerous.
“Welch Allyn produces 90% of the medical diagnostic equipment sold in the United States.”
275 poor lost souls now facing depression due to this communist piece of s4%^ in the WH
Doctor Diagnoses Obama In One Sentence
September 10, 2012
Barbara Bellar is NOT your typical politician.
She’s not your typical person. Starting out as a nun, she went on to become a Major in the Army, a Doctor, a Lawyer, and a small business entrepreneur. Her life is encompassed by one phrase, serving others.
This is the kind of person we need to turn Illinois around.
This is the kind of person who will truly represent her constituents.
This is the kind of person of integrity and character that Illinois needs.
And this is why Illinois needs Barbara Bellar for State Senate.
As a small business owner, I WILL NOT hire ANYBODY if this Enemy is re-elected. Bank on it!
Yes it is, and somehow, the 20 & 30-somethings that vote for Obama don't think they are going to have to pay for it.