Quote:
Originally Posted by Irish mist
I have a friend who owns a medical device company in Massachusetts & he's going to move the whole thing off-shore because the taxes in the new so-called "health care" bill passed by DEMOCRATS makes it impossible to makes a profit. Several hundred jobs gone forever.
|
... to talk to these folks..
"Mike Frazzette, president of Smith & Nephew Endoscopy in Andover, Mass offered his own assessment “The reality is that we run a global business, and while the United States is our largest market, more than 60 percent of our business is outside of the U.S.” Mr. Frassette continued “The tax will certainly have a big impact, but it doesn’t stop the wheels of progress.”
In fact, the wheels of progress may actually be speeding up as a just released survey indicated 50% of Massachusetts medical device firms plan new hires.
“For the second consecutive quarter, medical device manufacturers remain optimistic about prospects for sales and employment growth in the coming year. Despite the passage of a new and burdensome federal excise tax on medical devices, companies are continuing to design innovative medical products and meet the unmet needs of the health care delivery system worldwide,” MassMedic President Tom Sommer said."
I have worked in the Medical Device Industry for 30+ years. The tax is not something we "like" on the surface. BUT... a Big BUT!
This bill, will bring into the market, 30 Plus Million newly insured customers. That's a good thing! Too bad your friend doesn't see that.
I suspect your friend is moving jobs out of the country for other reasons. Maybe the 39 cents per hour wages in China ? If that is the case... IMHO the tax isn't really the issue.
