Treasury Secretary Jack Lew defended the medical device tax hidden in the Patient Protection and Affordable Care Act, calling it “a critical component of the health care law that can’t easily be replaced. Rob Engstrom, U.S. Chamber of Commerce <[email protected]> Tea Party Nation Judson Phillips Check out the blog post 'Federal Government Looking to Tax Internet – And Let States Do It Too' Blog post added by Seton Motley: Note: This first appeared in Red State. The Big Government, Never-Enough-of-Your-Coin- Coalition – Internet Division – is at it yet again.... Blog post link:Federal Government Looking to Tax Internet – And Let States Do It Too About Tea Party Nation Tea Party Nation is a social network 52352 members 12505 photos 2432 videos 14019 discussions 16053 blog posts The 9.12 Project Network - Help Us Restore America! Jared Law Check out the discussion 'UNCONSTITUTIONAL: U.S. Senate Considering Law To Force Americans To Pay State Sales Taxes On 'Articles Imported From Any State'' Discussion posted by Jared Law: The Constitution of the United States of America makes crystal clear that states do NOT have the power to lay levies, duties, or taxes upon... Discussion link:UNCONSTITUTIONAL: U.S. Senate Considering Law To Force Americans To Pay State Sales Taxes On 'Articles Imported From Any State' About The 9.12 Project Network - Help Us Restore America! This Network is dedicated to the 9 Principles/12 Values of The 9.12 Project, and Defending the Constitution of the United States of America! 45912 members 16384 photos 4006 videos 37517 discussions 10150 blog posts Doesn't Make Sense at All Rob Engstrom, U.S. Chamber of Commerce <[email protected]> Dear Reader, Last week, while testifying before the Senate Budget Committee, Treasury Secretary Jack Lew defended the medical device tax hidden in the Patient Protection and Affordable Care Act, calling it “a critical component of the health care law that can’t easily be replaced.” Earth to Lew. A punitive tax intended to pay for the massive bill of the health care law at the expense of innovation should have never been included in the first place.Imposed on medical device manufacturers whether or not they make a profit, this new 2.3 percent tax on the sale of virtually all medical devices will lead to increased health care costs, undercutting one of the primary goals of health care reform. Not only is it a punitive tax that singles out a particular industry, it simply isn’t a health care issue. The tax was imposed solely to generate revenue to help pay for the massive health care overhaul. Clearly no one thought too far ahead on this one. Additionally, a study from AdvaMed estimates that 43,000 jobs could be lost because of the medical device tax. That’s because it raises taxes on the medical device industry by almost 30%. The impact is already being felt through layoffs at device manufacturers around the country. In the long term, cuts in research and development will limit access to life-improving and life-saving innovations. Combined with the high corporate tax rate already imposed on the research and development and manufacturing industries, the medical device tax is a huge disincentive for companies to stay and grow in the United States. As the AdvaMed President and CEO said in a letter to Secretary Lew, “That is directly contrary to the Administration and our industry’s shared goal of keeping and growing good jobs in the U.S.” More taxes, fewer jobs, less innovation, and higher costs; that doesn’t make sense to us at all. Fortunately, there is a growing group of bipartisan legislators who agree. Make sure your member of Congress is one of them by sending a letter urging them to support repeal today. Sincerely, Rob Engstrom Senior Vice President and National Political Director U.S. Chamber of Commerce U.S. Chamber of Commerce 1615 H Street, NW Washington DC 20062-2000 Looking for a break? I found one. Sunday nights I tune in old-time radio (mostly the 1940's) Twilight Zone, Johnny Dollar, Red Skelton, Marshall Dillon (starring Robert Conrad aka Cannon) Many others. Sundays only starting around 7PM to Midnight http://www.wlobradio.com/index.php When replying to this message, plz cc: [email protected] to assure prompt reply. ........................................................................................Your 401K Google --> Help you manage your 401K 19 trillion consumer investments office for older dodd frank Your Gun Google --> NRA memo government ap guns register Looking for a break? I found one. Sunday nights I tune in old-time radio (mostly the 1940's) Twilight Zone, Johnny Dollar, Red Skelton, Marshall Dillon (starring Robert Conrad aka Cannon) Many others. Sundays only starting around 7PM http://www.wlobradio.com/index.php The Ponder By Shonda Ponder Updates daily Just visit http://www.shondaponder.com When replying to this message, plz cc: [email protected] to assure prompt reply. 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