Business

O Karma! Democratic Senators And The Medical Device Tax

Business

Retired from American Airlines after a 34 year career in corporate treasury management. Professional income tax preparer. Graduate of Georgetown University (BS Foreign Service) and The University of Texas at Arlington (MBA). Contributor to TMR since 2007. Host of "Italian Tomatoes" show on Blog Talk Radio. I am a center-right Republican with a passion for business, history and current affairs. Go to Blog Talk Radio to listen to my latest show The Job Search Experience

There’s a new tax in town, and many Democratic Senators are not happy about it. They want to postpone implementation of the 2.3% tax on medical devices or eliminate it totally. Naturally, all voted for the tax when they approved Obamacare in the highly partisan maneuvering that pushed the legislation out of the Senate on Christmas Eve.

Byron York reports in the Washington Examiner:

The medical technology industry directly employs over 400,000 people in the United States and is responsible for a total of two million skilled manufacturing jobs,” the senators wrote in a December 4 letter to Reid. “We must do all we can to ensure that our country maintains its global leadership position in the medical technology industry and keeps good jobs here at home.”

Senator Al Franken (D-MN) is particularly vocal on this subject, as industry heavyweight Medtronics is located in his state:

I want to repeal the medical device tax altogether,” the senator and former comedian said in a statement. “But I am concerned that we are running out of time before this job-killing tax goes into effect. So, for now, the best thing to do to ensure that this important industry continues to create jobs and producing life-saving devices is to delay this unwise tax.” Franken and other want Reid to include a provision to delay the tax in the ongoing fiscal cliff negotiations.

Ah, the irony! Franken’s hotly contested 2008 victory over Norm Coleman delivered the critical 60th vote to the Senate Democrats, which made the Obamacare legislation impervious to the filibuster. Perhaps the Senator, a comedian in his prior incarnation, is enjoying the often humorous operations of karma.

Photo Credit: CDC, Debora Cartagena

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