Obamacare - Taxing Jobs Out of Existence

Discussion in 'Politics' started by Listening, May 10, 2012.

  1. Listening
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    Listening Gold Member

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    Taxing jobs out of existence - The Washington Post

    Bill Hewlett and David Packard, tinkering in a California garage, began what became Hewlett-Packard. Steve Jobs and a friend built a computer in the California garage that became Apple’s birthplace. Bill Cook had no garage, so he launched Cook Medical in a spare bedroom in an apartment in this university town. Half a century ago, in flight from Chicago’s winters, he settled here and began making cardiovascular catheters and other medical instruments. One thing led to another, as things have a way of doing when the government stays out of the way, and although Cook died last year, Cook Medical, with its subsidiaries, is the world’s largest family-owned medical devices company.

    In 2010, however, Congress, ravenous for revenue to fund Obamacare, included in the legislation a 2.3 percent tax on gross revenue — which generally amounts to about a 15 percent tax on most manufacturers’ profits — from U.S. sales of medical devices beginning in 2013. This will be piled on top of the 35 percent federal corporate tax, and state and local taxes. The 2.3 percent tax will be a $20 billion blow to an industry that employs more than 400,000, and $20 billion is almost double the industry’s annual investment in research and development.

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    Many thanks to George Will for bringing us back to what really matters...the economy and Obama's miserable handling of it.

    The whole gay rights thing is just a smoke screen to prevent a discussion about how our liar-in-chief is trying to run from his economic record.

    Come on lefties....let's hear the spin.....

    Blame this on Booooosssshhhhhh.......
     
  2. The T
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    The T George S. Patton Party Supporting Member

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    You mean taxibng free market ideas out of existence...?

    How about this story?

    Why Is a ‘Ghost Town’ Being Built in the Middle of New Mexico?

    Private INDUSTRY...What made this Republic great in the first place....
     
  3. Listening
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    Listening Gold Member

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    The first page on this forum is loaded with gay marriage threads.

    All the while gays along with everyone else are suffering because Obamaknownothing can't run the country.

    Don't have jobs.....but gays need those "rights".

    Unbelievable.
     
  4. Wacky Quacky
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    Wacky Quacky Silver Member

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    So if Obama is responsible for one part of jobs leaving, who's responsible for the other reasons? Bear in mind jobs have been leaving for quite a bit longer than Obama has been in office. Granted, Obama has only made the situation worse, but he in no way started it or is solely responsible.
     
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  5. The T
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    The T George S. Patton Party Supporting Member

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    Exactly. BELOW the radar of those suffering under this regime...
     
  6. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    November cannot get here any sooner. If he wins I know what has to be done next if he loses America is saved. for now.
     
  7. SniperFire
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    SniperFire Senior Member

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    It is all about how to fix it. It won't happen on Obama's watch.

    Our job creators are just going to wait Obama out:



    64% Of Small Businesses Planning To Wait Out Obama, Will NOT Be Adding New Jobs (12% Say They Will CUT Jobs) « Start Thinking Right

    No economic recovery until Obama is gone and his nonsensical programs are reversed.

    Vote responsibly next time.
     
  8. Listening
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    Listening Gold Member

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    To be sure this is correct.

    You can't take an insulated economy like we had and introduce it into a global economy and not see shifts like we have seen in jobs.

    And I am not a fan of corporations either.

    But, what Will is saying is that Obamacare is the kind of thing that is costing us jobs in an environment where creating them is tough enough as it is.
     
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  9. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Thing is if obama would have governed from the center things would have leveled out by now. His failed polices have created a bigger mess.
     
  10. The T
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    The T George S. Patton Party Supporting Member

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    JOB Creation will happenthe day after the polls when Obama is voted OUT...despite any damage he will try to inflict to retaliate.
     

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