The libertarian-conservative Republican commentator opines: "Americans for Tax Reform has discovered 20 new or higher taxes embedded in Obamacare, totaling at least $500 billion. Among them, the $20 billion
medical-device tax is the most baffling, unfair, and potentially
deadly. While almost every business tax ever conceived targets profits
or gains, Obama’s brilliant 'change' to this tradition is to tax the
gross revenues of medical-device makers, whether or not they generate profits.
Thus, companies that create new, life-saving inventions can lose money
as their products struggle to succeed and then suffer the unnecessary
blow of a 2.3 percent tax on their losses."
More from Mr. Murdock: "Brilliant! Just what America needs is to bankrupt companies that are
busy trying to create tomorrow’s vascular stents, cardiac pacemakers,
and orthotic prosthetics, such as those used by America’s brave GIs who
return from Afghanistan, Iraq, and elsewhere with missing limbs. Rather
than applaud the producers of such instruments and hand them medals,
Obama thanks them with a punitive tax and a prosthetic middle finger."
Deroy Murdock: "Obamacare’s Medical-Device Tax Is Already Killing Jobs and Cures"
