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Medical device tax under fire in Washington

11/16/2012 06:15 AM EST
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mike_m
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re: Medical device tax under fire in Washington
mike_m   11/19/2012 5:54:23 PM
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we could save more money and end up with a much better economic outcome by firing all of the House of Representatives and Senate and replacing them with people who need a job.

Nick.Radonic
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re: Medical device tax under fire in Washington
Nick.Radonic   11/19/2012 6:09:29 PM
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There is little information in this article to decide the merits of this tax loophole. The best I can remember, it gave an unreasonable benefit to a few companies in the field. The larger the industry, the more lobbying that they do to get Congress to rule in their favor. That's why the tax code it 10's of thousands of pages long. I believe this tax item was put into the larger health care bill because the tax expenditure was calculated to have little positive effect, despite the outcry, and Congress needed the savings to actually cover people who were ill. Medical needs are pretty inelastic, so I expect most of this tax goes to increasing ROI for the vendors. Show me the numbers if you know more.

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