Obama-era 2.3% medical device tax returns after two-year suspension

Ben Shapiro, editor-in-chief of The Daily Wire, often talks about “shoe on the other foot” when comparing Presidents Donald Trump and Barack Obama. If Obama did something that Trump is doing now, conservatives would be outraged, and rightfully so.

Case in point, the medical device tax.

This was a contentious tax in the Affordable Care Act (ACA), otherwise known as Obamacare. Many conservatives, and even Democrats, complained about this unfair tax and how it would hurt both innovation and patients. It was so unpopular that Congress eventually suspended it for two years.

Well, it is making a comeback in 2018.

Reuters is reporting that the 2.3 percent tax on sales of medical devices was reinstated on Monday following a two-year hiatus.

A 2.3 percent tax on the sale of medical devices went back into effect on Monday after a two-year suspension, despite opposition by U.S. lawmakers and the medical manufacturing industry.

More from the newswire:

The suspension expired on New Year’s Day after unsuccessful last-ditch efforts by Republicans.

Republicans would have automatically killed the tax if they had succeeded in repealing Obamacare last year. The levy remained in Republican-crafted tax legislation signed by President Donald Trump on Dec. 22.

Supporters of the tax say it has helped provide health insurance to millions of previously uninsured Americans.

Critics, who have vowed to keep fighting the levy, say it has stifled the medical industry and slashed jobs.

Imagine if a Democratically-controlled Congress allowed it to remain.


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