Obamacare Medical Device Tax Causes One Company to Lay Off Over 1,000 People

Obamacare Medical Device Tax Causes One Company to Lay Off Over 1,000 People | The Weekly Standard:
""There are also new taxes affecting West Michigan industry, in particular, that took effect this year," says a local reporter.
"There's a new 2.3 percent excise tax on medical device manufacturers.
According to some reports, Kalamazoo based Stryker has laid off more than a thousand people because of it--and owes the federal government upwards of $100 million dollars this year alone.
Late last week a Stryker spokesperson told me that Obamacare will cost the company fully 20 percent of its total research and development investments."