Mister “I No Negotiate” Harry Reid has a decision to make today. House Majority Leader John Boehner will have the House vote this afternoon to add amendments to the Senate bill, or Continuing Resolution, to keep the government funded.
Boehner will add an amendment to defer Obama Care launch for an extra year, while eliminating the egregious medical device tax Obama care imposes on a relatively new industry. This is a wise move on Boehner’s because pretty much all medical device start-up companies have to leave the United States because Obama care taxes the Gross Revenue of such companies.
The device tax doesn’t affect large companies in the business because they are already established and their their survival is not threatened. A tax on gross revenues is tough on a start-up, and venture capitalists refuse to fund start-ups when the regulatory deck is stacked against them.
Obama is OK when it comes to destroying jobs and entire industries, and the refusal to even recognize these problems ensures his eventual negligible presence in American history.