Marathon Pundit: Medical device tax: Another ObamaCare assault on jobs

Wednesday, May 05, 2010

Medical device tax: Another ObamaCare assault on jobs

ObamaCare's assault on our economy--and the job market--continues, as the Boston Herald explains.

Massachusetts medical-device companies say they'll cut back on operational costs - and jobs - after a planned 2.3 percent tax on their products is implemented in 2013, according to a new survey.

The Massachusetts Medical Device Industry Council, which held its annual meeting yesterday in Boston, said about 90 percent of the 100 medical-device firms said they would reduce costs due to the new tax tucked into the recently passed health-care reform bill.

The tax - imposed to help pay for the massive health-care industry overhaul and expansion - is "of the greatest concern" to a majority of its members, the survey found.