I can only wonder if this is the beginning…
A company that produces medical devices, which is now going to be hit with devastating tax hikes from ObamaCare, has decided to cancel a major expansion that would have created numerous jobs and significantly increased government revenues throughout the Midwest.
From Fox News:
Cook Medical, an Indiana-based medical equipment manufacturer, last week said it’s nixing plans to open five new plants in the next five years — claiming the tax will cost between $15 million and $30 million a year, cutting into money that would otherwise go toward expanding into new facilities in the Midwest.
‘Unfortunately, we have had to shelve these expansion plans and look overseas for that,’ Allison Giles, vice president for federal affairs with the company, told FoxNews.com. ‘It’s a huge amount for us.’
Cook Medical insists that the White House is wildly understating the burdens it is placing on medical device companies, claiming that the actual costs come out to a crushing 15% of their entire budget. And they are sending this business overseas because they now have to make up for the crippling costs of this tax hike by manufacturing their product at a much cheaper location.
In other words, Democrats are doing what they always do–making it completely unaffordable to do business here (tax hikes, over-regulation, frivolous lawsuits, labor unions, etc…we now have the most hostile anti-business tax rate for corporations in the entire world), while incessantly smearing anyone who dares to survive their endless assaults by moving their companies elsewhere.
