Last Updated:November 26 @ 11:36 am

Obamacare Back in Focus as Company Says No to Expansion


Obamacare is claiming its first victim due to the massive tax increases the law imposes. A company in Indiana which makes medical devices says that it will no longer be expanding its business given the millions of dollars in new taxes it would be forced to pay.

An Indiana company's decision to scrap expansion plans due to a looming tax on medical devices has renewed pressure on the Senate to consider a House-passed bill repealing the tax.

House Speaker John Boehner, in a written statement, urged the Senate to take up the bill "as soon as possible."

Companies in the medical device industry for months have been calling on Congress to strip the provision. Amid the complaints, though, several firms have already taken steps to cut back U.S. investment out of concern for the tax's impact.

The vice president of the company said it will to "shelve these expansion plans and look overseas for that."

Read the full story on Fox News

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  1. MorganComment by Morgan
    July 31, 2012 @ 11:32 am

    This does not surprise me one bit. More and more companies are going to be cutting back on expansion, hiring and some may even go out of business, thus putting more and more people out of work? Does Obama care? Not one bit as long as he gets his way.

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  2. freedomfighterComment by freedomfighter
    July 31, 2012 @ 10:20 pm

    I am sure he is enjoying this, as another Company is forced to cancel plans for expansion, and job creation takes another back seat.
    He is not going to be content until America has failed at his hope and change. How is it possible for a President of the United States to enact programs which hurt growth, jobs, and the Economy?.
    He doesn’t worry, as he knows that the media, and his party will protect him regardless of how much he does to destroy America. He should have already been impeached, or even stripped of his Presidency on charges that he is not a legal President, not to mention his works against the Country, which should be considered as treasenous acts.
    Can you even imagine what our History books will say, once this almost a President is exposed for what he actually is?. He will go down in infamy as the great destroyer, and our Country will live with this mistake forever, as the Country which was duped by a illegal alien President.


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