Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
White House Veto Threat On Repeal Of Medical Tax
Source: Associated Press
White House Veto Threat On Repeal Of Medical Tax
by The Associated Press
WASHINGTON June 6, 2012, 04:41 pm ET
WASHINGTON (AP) — White House officials threatened a veto Wednesday of a Republican bill that would repeal a tax on the makers of many medical devices sold in the U.S., in the latest partisan clash over President Barack Obama's health care overhaul.
GOP leaders plan to push the legislation through the House on Thursday in what amounts to a symbolic vote. The Senate's Democratic leaders have no plans to even consider the measure in that chamber, and it would have virtually no chance of passage there anyway.
The 2.3 percent tax, scheduled to take effect in January, is to be paid by the producers of medical equipment, though devices typically bought by consumers like bandages and hearing aids would be exempted. It was enacted as part of the 2010 health care law to help pay for that measure.
Backed by the medical device industry, Republicans say the tax would cost jobs in the $130 billion a year industry.
[font size=1]-snip-[/font]
by The Associated Press
WASHINGTON June 6, 2012, 04:41 pm ET
WASHINGTON (AP) — White House officials threatened a veto Wednesday of a Republican bill that would repeal a tax on the makers of many medical devices sold in the U.S., in the latest partisan clash over President Barack Obama's health care overhaul.
GOP leaders plan to push the legislation through the House on Thursday in what amounts to a symbolic vote. The Senate's Democratic leaders have no plans to even consider the measure in that chamber, and it would have virtually no chance of passage there anyway.
The 2.3 percent tax, scheduled to take effect in January, is to be paid by the producers of medical equipment, though devices typically bought by consumers like bandages and hearing aids would be exempted. It was enacted as part of the 2010 health care law to help pay for that measure.
Backed by the medical device industry, Republicans say the tax would cost jobs in the $130 billion a year industry.
[font size=1]-snip-[/font]
Read more: http://www.npr.org/templates/story/story.php?storyId=154454247
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
