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Response to frazzled (Reply #20)

Tue Nov 27, 2012, 08:36 AM

61. That's very true...

Al Franken may be a progressive, but as a politician, he needs to be looking out for the interest of constituents in his state. That being said, however, it sounds like his constituents are full of shit...

From Bloomberg (yes, Bloomberg) Taxing Medical Devices Will Keep the U.S. Healthy:

Every now and then, a groundswell of support pushes legislation ahead in Congress, often on the grounds that it would provide jobs, increase U.S. exports, stop companies from moving overseas and save small businesses. The members vote, the news media congratulate them for a rare show of bipartisanship, and some interest group walks off happily into the sunset.

That’s how the narrative is playing out for a rapidly advancing bill to repeal a 2.3 percent tax on the sale of medical devices. The tax, due to start in January, is part of President Barack Obama’s health-care reform law. The $116 billion medical-device industry, which makes everything from artificial limbs to advanced imaging equipment, is hoping to derail the tax with a classic lobbying and advertising campaign. It’s been very effective: The House could vote as early as Thursday to withdraw the tax. With several Democratic senators backing the measure, the Senate may follow suit.

It shouldn’t. Just about everything the medical-device industry says about the tax is either untrue or exaggerated. Lawmakers shouldn’t be so gullible, even when -- perhaps especially when -- industry lobbyists produce studies seeming to back their claims.


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LineLineLineReply That's very true...
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