Tax Policies Do Impact Employment

CBS News posted a story yesterday detailing the impact of the Medical Device Tax included in ObamaCare on jobs in the medical device industry. The information about the impact was taken from a survey of the Advanced Medical Technology Association.

The article reports:

“According to the report, the tax has led to employment reductions of approximately 14,000 industry workers and foregone hiring of 19,000 workers,” the study stated. “The total job impact of the tax on industry employment was approximately 33,000.”

Stephen J. Ubl, CEO of AdvaMed, said this tax needs to be repealed.

“During a time when there is bipartisan support for growing high-technology manufacturing jobs, these results should serve as a wake-up call. As a result of the medical device tax, we have seen an unprecedented impact on jobs and key investments in R&D (research and development),” Ubl said. “The findings of the report underscore the need to repeal this tax.”

This is just one of the problems with ObamaCare.

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