Home » Opinion » Editorials
Shaheen's hindsight: Rethinking the medical device tax
On Dec. 4, Sen. Jeanne Shaheen signed a letter asking Senate Majority Leader Harry Reid to delay implementing Obamacare's 2.3 percent medical device tax, which is set to take effect on Jan. 1. It took her only two years, 8 months and 13 days to do it. That is how much time elapsed between her voting for Obamacare and signing the letter. The Senate has only 19 days left to act before the tax takes effect. Where, one wonders, has Shaheen been all this time?
Shaheen was one of 16 (14 senators and two senators-elect) to sign the letter. Among them were Sens. John Kerry and Sen.-elect Elizabeth Warren of Massachusetts, Sens. Al Franken and Amy Klobuchar of Minnesota and Sens. Charles Schumer and Kristen Gillibrand of New York - all Democrats from states with a vibrant medical device industry, which is about to get whacked hard by the tax most of them voted for.
The Advanced Medical Technology Association says the tax will cost 43,000 jobs. It will also raise the cost of medical care, as manufacturers will of course pass the tax along to consumers. Tim Steele, owner and founder of Microspec in Peterborough, told the Union Leader last month, "Everyone is talking about medical care costs going up, and here is something that is making them go up even faster."
Such are the unintended, though perfectly predictable, consequences of wealth redistribution. That Shaheen is scrambling at the last minute to lighten the impact shows that she understands how harmful it is going to be. If only she had listened when this was pointed out at the time.
- New Hampshire Religion News in Brief - 0
- City says no more free breakfasts for homeless at Veterans Park - 110
- Alabama pastor is adjusting to life at Christian Fellowship Baptist Church in Londonderry - 0
- Hampstead Congregational Church hosts Hunger Action on May 19 - 0
- Chester church plans June Jubilee - 0
- Goffstown church plans yard sale - 0
- Cleric's case a puzzle, concern - 6
- NH minister celebrates 60 years of service - 0
- Religion briefs: Rindge church will hold yard sale - 0
Manchester church receives grant from Downing trust
READER COMMENTS: 0- Weather may be more like Veterans Day than Memorial Day - 0
- Awards cap city's Small Business Week - 0
- Rock Cats-Fisher Cats suspended - 0
- Budget plan presses NH hospitals to join managed care networks - 0
- Students hold ceremony to honor flags - 0
- This week's Rare Bird Alert - 0
- McCafferty nominated for District Court judge position - 0
- NHIAA track meets rescheduled to Sunday - 0
- Police say man detained as part of investigation into death scene in Belmont - 1



