Obamacare’s medical device tax—a tax not on profits, but on revenues—is doing its destructive work already.
"The Wall Street Journal reported yesterday that “Funding Dries Up for Medical Startups,” noting that “Investment in the medical-device and equipment industry is on pace to fall to $2.14 billion this year, down more than 40% from 2007 and the sharpest drop among the top five industry recipients of venture funding.”
Jack Kemp and Ronald Reagan taught us: tax something and you get less of it.
http://www.powerlineblog.com/archive...empty-mind.php