Wednesday, September 23, 2009

Here's an idea to reduce healthcare costs....

......let's drive up the cost of medical devices with a new tax.
Condoms, contact lenses shielded from tax

The Innovation Tax
Supposedly the Senate’s version of ObamaCare was written by Finance Chairman Max Baucus, but we’re beginning to wonder if the true authors were Abbott and Costello. The vaudeville logic of the plan is that Congress will tax health care to subsidize people to buy health care that new taxes and regulation make more expensive.
Even tax-happy John Kerry opposes this ridiculous proposal. Democrats are so desperate to fund this outrageous plan, that it could still pass. They live in a dreamworld where taxes only affect those that they tax.

(disclosure: I work in the medical devices industry, and would be severely affected by any such legislation)

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