As a result of the Obamacare legislation, medical device companies will have a 2.3% tax imposed on their sales, regardless of whether any profit or income is made. Skimming through recent news articles, what has the jobs impact been so far?Here are the companies that have reported significant layoffs as a result of this tax:1200 jobs - Boston Scientific1000 jobs - Medtronic1170 jobs - Stryker Medical770 jobs - Smith & Nephew700 jobs - Abbott Labs595 jobs - Covidien500 jobs - St. Judge Medical427 jobs - Kinetic Concepts275 jobs - Welch Allen250 jobs - Westchester Medical200 jobs - Hill Rom105 jobs - Liberty MedicalThat's 7,192 high paying jobs lost so far simply as a result of the medical device tax in the healthcare bill. Numerous other companies have hinted at layoffs, have cancelled plans that were in the works to create new manufacturing facilities in the US, and have reduced hours. Of course, the left tells us that raising taxes doesn't affect behavior and may even be good for the economy, so all of these companies must simply be dirty rotten lying Capitalist pigs paid off by Romney to create bad publicity for Mr. O.
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