The company for which I work anticipated it. In fact they (we) lobbied against it much of last year.
The estimate is that it will hit us to the tune of 40 million dollars. That’s either a lot of streamlining (”lean” processes) or layoffs.
dividends cannot be affected, so we are on pins & needles.
Well done, Congress.
If I see this tax on a receipt I will just put the item back and not buy it. Everyone should do this unless they need the product for health or safety reasons.