The Leader Board

Democrat Former Senator Who Voted For ObamaCare Exposes Real World Consequences

 

Former Sen. Evan Bayh (D-IN): 'Threatens Thousands Of American Jobs'

"A 2.3% tax on medical-device sales, not profits, was imposed… there will be little or no increase in sales volume to offset the added cost of $30 billion—according to the Congressional Budget Office—to the industry. This tax comes straight out of a company's bottom line." ("Evan Bayh: ObamaCare's Tax Raid On Medical Devices," The Wall Street Journal, 9/27/12)

  • "The hit will be severe. For a typical company, a 2.3% tax on revenues equals a 15% tax on profits. When combined with a 35% corporate tax and state corporate taxes, the tax rate for the medical-device industry will exceed 50% in most jurisdictions. Many marginally profitable businesses will then hemorrhage red ink, since they'll have to pay the excise tax whether they are making money or not." ("Evan Bayh: ObamaCare's Tax Raid On Medical Devices," The Wall Street Journal, 9/27/12)

"…tax on medical devices that threatens thousands of American jobs…" ("Evan Bayh: ObamaCare's Tax Raid On Medical Devices," The Wall Street Journal, 9/27/12)

 

Sen. Bayh Voted For ObamaCare Twice

Sen. Bayh voted for the Patient Protection and Affordable Care Act.  (H.R. 3590, Roll Call Vote #396, Passed 60-39: R 0-39; D 58-0; I 2-0, Bayh Voted Yea, 11/24/09)

 

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