Obamacare kills an industry

The medical device tax puts a tax on Gross Profits of 15%.  Think about that.  That’s not net profit, but rather the markup.  This is guaranteed to kill just about any product that doesn’t make at least 15%, which few device projects do.  So what is happening?  Abbott Labs spun off their device manufacturing from their pharma and those jobs are now going overseas to Switzerland.  Just about every other company is doing something like this.  When it is over, Obamacare will have driven an entire industry out of the country along with the jobs. Thank the Dems who hate business.

So have you heard this story on TV?  I haven’t.  Seems the broadcasting folks all have degrees in political science and none are former business owners.  Hence it remains for the Republicans to explain in simple language what is happening in so many areas.  The “He Said, She Said” journalists don’t understand or tell it. It is imperative that we get the story out.