Cook Medical, an Indiana company that makes medical devices, decided last week not to build five new plants that would have employed 1500 workers. The cost of building the new plants would have been $20 million. But Cook Medical found out that Obamacare (The Affordable Care Act) creates new taxes on the medical devices that they were going to manufacture. And guess how much the new taxes were going to be? Yup, you guessed right. The new taxes were going to be about $20 million a year, the same amount as building the five new plants. A Cook Medical spokesperson said the company would not be able to support both the new taxes and the cost of building the plants. Jobs that would have been created in the Midwest may now be shipped overseas according to company officials.
But wait, now the fun begins. The politicians in Congress have gotten wind of the problem and they say they'll pass a law repealing the medical device tax provisions of Obamacare. Hmmmm? Seems to me I remember a few weeks back that U.S Supreme Court Chief Justice John Roberts declared that the "individual mandate" provision of Obamacare is a "tax".
Now, it also seems to me that what's good for the goose is good for the gander. If Congress repeals the medical device tax provision of Obamacare, they'd better be repealing the individual mandate tax provision as well.
A tax is a tax is a tax is a tax is a tax...
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