[NC_Skins]

Originally Posted by Slingin Sammy 33

Some taxes from Obamacare that affect ALL Americans:

Five major ObamaCare taxes that will hit your wallet in 2013 | Fox News

Dear god. Fox news again? Sammy, for the love of god stop reading that crap.

As usual, they distort and exaggerate the truth. Let's start with that first point.

1. The ObamaCare Medical Device Manufacturing Tax

This 2.3 percent tax on medical device makers will raise the price of (for example) every pacemaker, prosthetic limb, stent, and operating table. Can you remind us, Mr. President, how taxing medical devices will reduce the cost of health care? The tax is particularly destructive because it is levied on gross sales and even targets companies who haven’t turned a profit yet.

These are often small, scrappy companies with less than 20 employees who pioneer the next generation of life-prolonging devices. In addition to raising the cost of health care, this $20 billion tax over the next ten years will not help the country’s jobs outlook, as the industry employs nearly 400,000 Americans. Several companies have already responded to the looming tax by cutting research and development budgets and laying off workers.

Read more: Five major ObamaCare taxes that will hit your wallet in 2013 | Fox News

Plastics Today

An article authored by Paul N. Van de Water states: "The House will soon consider legislation to repeal the excise tax on medical devices that was enacted to help pay for health reform. The provision is sound, however, and the industry lobbying campaign aimed at repealing it is based on misinformation and exaggeration."

In a head-on attack on the main industry criticisms of the tax, Van de Water says: "The tax will not cause manufacturers to shift production overseas. The tax applies equally to imported and domestically produced devices, and devices produced in the United States for export are tax-exempt. The tax will have little effect on innovation in the medical device industry. To the contrary, health reform may well spur medical device innovation by promoting more cost-effective ways of delivering care."

Excise Tax on Medical Devices Should Not Be Repealed — Center on Budget and Policy Priorities

^^I suggest you all read that article in regards to the Medical Excise Tax.



At this point, Fox News should be treated much like The Onion when it comes to stories.