Taxing Questions
Among the vast array of mandates, taxes, fees, and directives in Nancy Pelosi's health-care bill is a 2.5-percent tax on the makers of medical devices. That works out to a $2-billion-a-year drain on innovation.
The price tag is only the explicit cost. There could be an implicit cost: the pain and suffering of individuals who might go without new treatments they would have benefited from, if medical-device manufacturers had been able to use the money for research and development instead of paying off Uncle Sam.
Where do the members of Virginia's congressional delegation stand on the medical-device tax?
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Reader Reactions
Where does VA delegation stand? No where. They are not to be seen. Bobby Scott has no clue what the health bill is about. He is still learning to travel his racially gerrymandered district.
Oh, more faux death-panel-like melodrama! Might grandma Myrtle have to go without a hearing aid because of those twerible government taxes!! What do suppliers always do when they get hit with an additional cost? They pass it along to customers. Innovation is the only way to gain competitive advantage, and therefore there will be not slowdown in innovation. Why don’t you just say it’s a tax, you don’t like it (surprise!), and quit with all the conservative scare-tactics? Funny how what gets lost by conservatives in this health bill is it’s main purpose—to provide some measure of health coverage to the some 40 million Americans who don’t have it or can’t afford it. Such a minor little point…
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