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Former Sen. Evan Bayh (D-IN): ‘ObamaCare Threatens Thousands Of American Jobs’

ObamaCare ‘Threatens Thousands Of American Jobs’

Democrat Former Senator Who Voted For ObamaCare Exposes Real World Consequences

 

Former Sen. Evan Bayh (D-IN): ‘Threatens Thousands Of American Jobs’

 

“A 2.3% tax on medical-device sales, not profits, was imposed… there will be little or no increase in sales volume to offset the added cost of $30 billion—according to the Congressional Budget Office—to the industry. This tax comes straight out of a company’s bottom line.” (“Evan Bayh: ObamaCare’s Tax Raid On Medical Devices,” The Wall Street Journal, 9/27/12)

 

·         “The hit will be severe. For a typical company, a 2.3% tax on revenues equals a 15% tax on profits. When combined with a 35% corporate tax and state corporate taxes, thetax rate for the medical-device industry will exceed 50% in most jurisdictions. Many marginally profitable businesses will then hemorrhage red ink, since they’ll have to pay the excise tax whether they are making money or not.” (“Evan Bayh: ObamaCare’s Tax Raid On Medical Devices,” The Wall Street Journal, 9/27/12)

 

“…tax on medical devices that threatens thousands of American jobs…” (“Evan Bayh: ObamaCare’s Tax Raid On Medical Devices,” The Wall Street Journal, 9/27/12)

 

·         “This month, Welch Allyn—a maker of stethoscopes and blood-pressure cuffs—announced that it will lay off 10% of its global workforce over the next three years, but all of the jobs being cut are in the U.S.” (“Evan Bayh: ObamaCare’s Tax Raid On Medical Devices,” The Wall Street Journal, 9/27/12)

 

·         “In my state of Indiana alone, Cook Medical has canceled plans to build one new U.S. facility annually in each of the next several years, and Zimmer plans to lay off 450 workers, while Hill-Rom expects to lay off 200. Stryker, based in Michigan, anticipates having to lay off 1,000 workers.” (“Evan Bayh: ObamaCare’s Tax Raid On Medical Devices,” The Wall Street Journal, 9/27/12)

 

Sen. Bayh Voted For ObamaCare Twice

 

Sen. Bayh voted for the Patient Protection and Affordable Care Act.  (H.R. 3590, Roll Call Vote #396, Passed 60-39: R 0-39; D 58-0; I 2-0, Bayh Voted Yea, 11/24/09)

 

·         Sen. Bayh voted for the Health Care and Education Reconciliation Act. (H.R. 4872, Roll Call Vote #105, Passed 56-43: R 0-40; D 54-3; I 2-0, Bayh Voted Yea, 3/25/10)


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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