Andre DiMino has been running medical device company ADM Tronics since his father, who founded the decades-old firm, died in 2001. He´s never laid off anybody. "These people are like family with us," he said. The boss might not be able to hold out much longer. Come Jan. 1, an ObamaCare-tied tax specific to his industry is expected to go into effect. Though the Obama administration has downplayed the impact, DiMino calls it "devastating." "I think after all of these decades of not laying people off, I think we may have to face that," DiMino told FoxNews.com.
Comments: Like Rush said, what kind of sick people think of things like this. Democrats of course! Maybe the newfound interest by those 17 Democrats will save them. s/o Thye sure weren´t concerned when they shoved this lousy, unconstitutional law through.
Maybe the DIMS should have read the bill before they voted for it. Don´t they know how business works? For every extra dollar that businesses pay in taxes employees are going to earn less and or let go.
"How many people are gettin´ insurance through their jobs right now? Raise your hands? A´right. Well, a lot of those folks, your employer, it´s estimated, would see premiums fall by as much as 3,000%, which means they could give you a RAISE!"
- that Obama guy, campaigning (natch) in Ohio, March 2010.
Ironic justice. A Democratic Congressperson needing a medical device that is no longer manufactured because of Obamacare. Company was taxed out of business- too bad - so sad- never happen though - individual would go to another Country to have the procedure, there they support Capitalism. Most likely - Canada.
The Obama administration earlier this year defended the medical device tax, saying companies actually stand to benefit from the law. Though the 2.3 percent tax hits the industry, the department argues that the millions of new health care customers insured as a result of the law will increase the demand in hospitals to order more equipment -- in turn boosting medical device companies´ profits.
Absolute insanity. New customers insured by the taxpayers.
The Dims just don´t understand how unpopular government is going to become in in a little over 2 weeks. The GOP will be unhappy; the Dims will be livid. The real question is going to be, which part should be fixed first? Once all the extensions expire, the Dims will have to legislate. They have forgotten how to do that. Obama will have his revenue, now you need to cut something to reduce taxes. Its going to be very ugly for Dims.
She wouldn´t make it on Iron Chef or Chopped. The cooking channel is one my favorite cable channels. They have some great stars, however Sandra Lee is not one of them and is an automatic switch to another channel.
This in and of itself would tell a normal leader that there is something wrong with the bill of goods that was forced on the American People. However now Nero is tuning up his fiddle because Rome is going to start burning!
The media would be doing Americans a favor by identifying the specific knuckleheads responsible for pushing this tax on medical devices.
In the must-reads today (“The Real Fat Cats”) Victor Davis Hanson suggests proposing a surcharge on tickets for movies, concerts, and sporting events, industries populated by droves of multimillionaires who cater to people with lots of disposable income that they choose to spend on non-essential luxuries.
This makes a lot more sense than crippling a medical devices industry that improves the quality of life for ailing and elderly people, who in many cases, have little or no disposable income to spend on these essential devices.
A 2.3% tax on medical devices will raise health care costs, reduce employment and R&D spending in this industry, and chase these businesses out of the country.
A 2.3% tax on tickets for movies, concerts, and sporting events would raise more revenue and barely knick the incomes of the very wealthy stars who work in these industries, that in many cases, already benefit from tax-payer subsidies and incentives.
An “active shooter” killed himself after opening fire at Arapahoe High School in Centennial, Colo. A local hospital reported treating at least one victim from the school with a gunshot wound, CNN reported. Police quickly swarmed the suburban Denver school after reports of “active shooter situation,” around lunchtime, Colorado’s KUSA 9News reported. A local hospital reported treating one patient from the school with a gunshot wound, CNN reported. The shooting comes one day before the first anniversary of the shooting at Sandy Hook Elementary School in Newtown, Conn. Gunman Adam Lanza killed 20 students and six teachers during the rampage before taking his own
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WASHINGTON – It’s not exactly a ringing endorsement of the budget deal.“Embrace the suck,” House minority leader Rep. Nancy Pelosi told fellow Democrats Thursday morning, a source told Politico.“We need to get this off the table so we can go forward,” she added. It’s a way of telling her colleagues the budget deal negotiated with Republicans is the best they can get. Democrats are fuming that the bipartisan budget deal doesn’t extend unemployment benefits for more than a million Americans. One of Pelosi’s top lieutenants, Rep. Chris Van Hollen, the top Democrat on the House Budget Committee, said Thursday it