Wednesday, October 14, 2009

So, Who Will Pay?

With the health care debate, the proponents seem to be stuck on a nuance-free, black & white answer: The Rich(tm). After all, they can afford it.

Alas, the reality is that it isn't just the rich. Turns out it could be people working manufacturing jobs, right here in Indiana. From an Indy Star report:
Zimmer Holdings, Biomet and DePuy Orthopaedics are based in Warsaw, along with several smaller companies and suppliers. Together, they generate nearly a third of the estimated $32 billion in global orthopedic device sales.

But the industry, succeeding even as some other U.S. manufacturing sectors are slumping, faces challenges:

A proposal that passed the Senate Finance Committee on Tuesday would place as much as $40 billion in new taxes on the medical device industry in the next decade.

As always, the devil's in the details, although, there's devil aplenty in the main argument, as far as I'm concerned. Anyhow, is this what the proponents want? To do something that would stifle the creation of good paying manufacturing jobs?

Also, it may meet the definition of Obama's campaign promise that taxes won't be raised on 95% of individuals, but taxes on corporations end up being taxes on the employees and customers of those corporations. Again, lack of nuance. Black & white. Ham fisted simpleton explanations.

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