Tuesday, November 29, 2011

Obamacare’s Tax Increases ALREADY Killing Jobs

Before the holiday came word that workers for a Michigan-based medical device company had less to be thankful for – Obamacare cost some of them their jobs.  Device manufacturer Stryker announced that it would be shedding “five percent of its workforce over concerns about the impending 2.3 percent medical device tax prescribed by” Obamacare.  A press release from the Kalamazoo company noted that “the targeted reductions [i.e., layoffs]…are being initiated…in advance of the new medical device excise tax scheduled to begin in 2013” under Obamacare.

The company’s CEO had already announced in September that “we’re already starting to think about actions that offset that additional tax,” and the recent job-cutting announcement followed through on that earlier comment.  Of course, the big question is what other medical device companies and related organizations are also thinking about job cuts between now and 2013 due to Obamacare’s $800 billion in destructive tax increases.

Recall that last year Speaker Pelosi claimed that Obamacare would create “4 million jobs – 400,000 jobs almost immediately.”  Tell that to the workers at Stryker facing layoffs over the holiday season, all thanks to Obamacare.