This seems to be the case with the bipartisan House effort to repeal the idiotic tax on medical equipment, a provision of ObamaCare.
In less than seven months, on January 1, 2013, a new tax on medical device companies (part of the Patient Protection and Affordable Care Act) is set to steamroll American leadership in medical innovation. The 2.3% excise tax will be levied on all types of medical devices, from heart stents and pacemakers to MRIs and ultrasounds. Because the new tax is on revenue, not profit, a small company that is not yet in the black would bear the biggest brunt. This tax will hit medical device companies especially hard in states that are leading the way in medical innovation; states like Pennsylvania, Minnesota, California, New York, and Massachusetts.Barry has threatened to veto any legislation designed to overturn this absurd tax. I turn now to a psychological expert for an opinion on why Obama would want to stick with such an obviously harmful revenue measure.