Wednesday, December 12, 2012

Democrats Seek Delay of ObamaCare Medical Device Tax

Hey, suck it up idiot progs.

At the Wall Street Journal, "Senate Democrats Seek Delay in Medical-Device Tax":

A group of 17 Democratic U.S. senators and senators-elect have signed a letter urging for a delay in implementing a tax on the medical-device industry that is scheduled to go into effect Jan. 1, said two people familiar with the matter.

The letter, a copy of which was obtained by Dow Jones, publisher of The Wall Street Journal, was addressed to Senate Majority Leader Harry Reid and said the “the medical device industry has received little guidance about how to comply with the tax–causing significant uncertainty and confusion for businesses.” It requested a delay be included in the bill Congress is negotiating to avoid the so-called fiscal cliff.

The Democrats’ support could give new momentum to the industry’s intense lobbying campaign to repeal or delay the 2.3% tax on device sales, which companies say will hurt profits and lead to U.S. job losses. However, they face a battle because other Democrats, as well as the White House, oppose any postponement.
And see Geoffrey Norman, at the Weekly Standard, "Special Treatment."