You missed the point.
Why do you think Obama refuses to make a deal on the fiscal cliff and keeps moving the goalposts?
He needs this "crisis" to hide the tax increases contained in Obamacare. This entire charade is designed to muddy the waters so much that by the time a deal is made, Obama can take no blame for the specific taxes that went up as some will be from Obamacare and some will be from the "deal".
Now that the bill is passed and we can see what’s in it, there is a real job killer in the medical devices tax. A 2.3% excise tax will be levied on the total revenues of a company, regardless of the amount of profit a company generates or whether a company generates a profit at all, starting in 2013. Many young or start up companies will owe more in taxes than they generate from their operations. The result will be devastating to innovation, patient care and job creation.
How does this kill jobs? The 2.3% tax is on gross revenues. To maintain profit levels, or simply break even, the company will have to raise prices (by more than 2.3% because the tax is on the gross) or cut expenses. Cutting expenses eventually means cutting people, either directly in the company or indirectly.
The people who crafted this tax rationalized that with more people covered by 0bamacare, companies will make more money. The experience with Romneycare proved otherwise. New research shows that despite providing near-universal health care coverage in the state of Massachusetts, the overwhelming percentage of medical device companies saw no increases in utilization, and in turn profits. This debunks the argument for supporters of the 2.3 % medical device excise tax.
This is also killing my business – three clients cancelled projects, citing the costs from 0bamacare.