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.
READER COMMENTS: 0
- Another View - Charles Lane: Obama's wedge issue is the seductive lure of golf - 0
- Jonah Goldberg: If the Islamic State is not evil, then what is? - 2
- George Will: Will we build the Navy we need? - 1
- Betsy McCaughey: Congress should take the lead on Iraq - 2
- Another View - Rick Santorum: When Israel needs our help, we have to be there - 0
- Thomas Sowell: Liberal urban police policies won't quell riots - 0
- Another View -- Frank Guinta: I am uniquely qualified to represent NH in Congress - 12
- Deroy Murdock: The indictment of Rick Perry is bizarre and unfounded - 0
- Another View - Marc Champion: A strong terror policy would cure Obama's golf woes - 0
READER COMMENTS: 0
- On Baseball: Fisher Cats manager Meacham learned a few things, too - 0
- First and 10: Old No. 1 begins as new No. 1 - 0
- NHIAA Girls' Soccer Preview: All eyes on Bedford, Exeter - 0
- Another View -- Dan McGuire: We Free Staters are not some threat to be feared - 0
- Taxpayer rights: Left, right should restore them - 0
- Hooksett highs: A good multiple choice test - 0
- No paper Monday - 0
- Patriots' Garoppolo solid, but Giants eke out 16-13 win in preseason finale - 0
- Education business tax credit program upheld - 0
Enter to win tickets to see Paula Poundstone
Win tickets to see Steven Wright
Where is Shaheen? Hiding from you
Weekly brother gave police wrong name