Posts Tagged ‘device tax’
December 6th, 2012 at 4:55 am
Prisoners of Our Own Device Tax

The IRS has finalized rules for the medical device tax that goes into effect in just a few short weeks. Need a pacemaker? Pay a tax. Develop a life-saving device for a very small segment of the population, so there can be achieved no economies of scale? Tough toenails: The device tax on gross sales means you can’t afford to produce the devices — which means the would-be patients will die.

As I wrote here (I hereby acknowledge a mistake: prosthetic limbs are not covered by the tax), “what could be an easier campaign issue?” Yet, in perhaps the biggest example of campaign malpractice from an idiotic campaign guilty of many gross examples of malpractice, the Romney campaign never even tried to make a major issue of the device tax. Every time I think about it, I clench my teeth and want to start throwing heavy objects across the room. Failure to use issues like this has relegated this nation I  love to four more years of the most dangerous president in U.S. history. Mitt Romney and his top aides should slink away in shame.

But I digress. One way or another, people in both chambers in Congress ought to get serious and, no matter what else they do, repeal this dreadful tax. Lives depend on it.