Iowa GOP Chair Statement on Obamacare Medical Device Tax
For Immediate Release: June 7, 2012
Iowa GOP Chair Statement on Obamacare
Medical Device Tax
DES MOINES, Iowaâ€“Â The Republican Party of Iowa released the following statement today from Chairman A.J. Spiker in response to the House vote on Obamacareâ€™s medical device tax:
â€œI applaud the U.S. House of Representatives and especially Congressman King and Congressman Latham for standing up for Iowans today by voting to repeal one of Obamacareâ€™s many job-destroying taxes.
â€œI would also like to thank Congressman Boswell and Congressman Loebsack for voting to repeal the tax they supported in 2010 when they voted for Obamacare. Itâ€™s convenient to vote to repeal a tax you initially supported in an election year, but Iowans wonâ€™t be fooled by this attempt to run from President Obama and their records of supporting costly, job-destroying tax increases and mandates.
â€œThe tax on medical devices is yet another example of President Obamaâ€™s attack on job creators. This tax would be a huge burden to innovators because it is a tax not on profit but on revenue, meaning smaller start-ups who have yet to turn a profit would be hit the hardest.
â€œWith small businesses already struggling under President Obamaâ€™s tax and regulatory burden and millions of Americans looking work, now is not the time to add another tax on Americaâ€™s innovators and job creators, who work hard everyday to create products that save lives.â€