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NEW HEALTH LAW CONTINUES TO HURT ECONOMY

Another Company Reports $100 Million Loss From Health Care Reform As Medical Device Manufacturers And Small Businesses Brace For Impact

PRUDENTIAL: HEALTH CARE LAW WILL COST THEM $100 MILLION

“Insurer Prudential Financial Inc. Said Monday That It Will Take A $100 Million Charge In The First Quarter In Relation To The Recent Health Care Overhaul Legislation. The life insurance and annuities provider said in a regulatory filing that it will take the charge against earnings in the first quarter.” (“Prudential To Take $100M Health Care Charge In 1Q,” The Associated Press, 3/30/10)

VIRGINIA MEDICAL DEVICE DISTRIBUTOR EXPECTS HIGHER COSTS

“The Health-Care Reform Bill Signed By President Obama Last Week Brings With It New Excise Taxes On The Medical Device And Pharmaceutical Industries.” (“Health-Care Reform Brings New Taxes,” Richmond BizSense, 3/29/10)

“LARGE TAX ON… LOWER AND MIDDLE CLASS WOMEN”

“Tucked Away In The Federal Health Care Reform Legislation Is What Many Say Is An Unfair Tax On Women. It’s Being Called The Tanning Tax, a 10 percent tax on tanning salon services that’s set to start in July. The government says the tax will generate $2.7 billion over 10 years.” (“Tanning Salons Upset Over 10 Percent Tax On Services,” WSAV NBC [Savannah, GA], 3/29/10)

“Owners Of Salons Such As Siren Tan In West Des Moines Said Are Not Happy About It. Congress will be collecting an extra 10 percent tax on indoor tanning starting July 1. The plan is to raise $2.7 billion during the next 10 years. In part, it will be used to pay for health risks blamed on too much tanning.” (“Tanning Tax Burns Salon Owners,” KCCI [Des Moines, IA], 3/29/10)

“Marcy DeVries Bought Grand Rapids’ Westside Sun Spa A Few Months Ago, Which Finally Fulfilled Her Lifelong Dream Of Owning Her Own Salon.” (“10 Percent Tanning Tax To Start July 1,” WOOD-NBC [Grand Rapids, MI], 3/29/10)

About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog.Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

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Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

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