The email below was sent to me last night after last night’s ON THE RECORD at 7pm. I have eliminated the name (per viewer request.) I thought the email interesting and thus figured you might like to read it (and can you confirm what he/she says in it about the tax being passed through?)
Subject: GretaWire Comments
I teach tax law to CPAs all over the country, including a full day course on Obamacare. It is too late to do any good repealing the 2.3% medical device tax. If you would investigate manufacturers and importers, you will find they have already raised their prices more than 2.3% and are making a profit on the tax as it is passed through to the end user. It is unlikely they will reduce their prices if the law is repealed.
If you want to know how the whole Obamacare law works from a tax and tax credit standpoint, I’d be happy to tell you. Everyone is saying it is terrible, but no one has really explained why.
Please do not use my name ********