×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Barack Obama | Newsmax TV | The Hard Line | Dan Benishek | Obamacare | medical device tax | repeal

Michigan Rep. Benishek Calls for Repeal of Medical Device Tax

By    |   Thursday, 18 June 2015 06:29 PM

Rep. Dan Benishek, a Michigan Republican, tells Newsmax TV President Barack Obama "has been ignoring Congress" since he took office and that Obamacare taxes placed on companies are killing American jobs.

In an interview with Ed Berliner on "The Hard Line," Benishek — a medical doctor — says medical device companies in his district are being taxed whenever they make a sale under a directive contained in the Affordable Care Act, which could lead to a loss of jobs and business in the United States.

Story continues below video.


Note: Watch Newsmax TV on DirecTV Ch. 349, DISH Ch. 223 and Verizon FiOS Ch. 115. Get Newsmax TV on your cable system — Click Here Now

"That's particularly hard on start-ups. In my district, we've got Precision Edge, RTI Surgical, small surgical supplies, start-up companies that are just starting out, they don't have a profit, but they're being taxed anyway," Benishek says. "Really what it's leading to is these companies going overseas to do their business, leading to losses of jobs here in the United States and in my district of Michigan."

The House passed a measure Thursday that would repeal the medical device tax, although the White House said earlier this week it would veto any repeal of the directive placed on the president's desk.

"Its repeal would take away a funding source for financial assistance that is working to improve coverage and affordability and would increase the Federal deficit by $24.4 billion over 10 years," a White House statement read, according to The Hill.

Benishek tells Newsmax the "broken" U.S. tax code is shipping American jobs to foreign countries.

"Our broken tax code is driving companies overseas all the time," he says. "We have the highest tax rate in the world and this is just another ridiculous tax on an industry that supplies us with innovative devices that keep us in the forefront of medical technology across the world. We can't afford to be giving up this industry to places like Ireland and Europe that have more reasonable tax structure."

Benishek closes his segment by accusing the president of not listening to lawmakers  since he took office in 2009.

"The president has been ignoring Congress for the last six years. He hasn't talked to me, he hasn't talked to the Democrats," he says.

The fate of a large portion of the Obamacare law dealing with subsidies rests in the hands of the Supreme Court in a case that could wreak havoc across the entire healthcare system.

© 2021 Newsmax. All rights reserved.


Newsmax-Tv
Rep. Dan Benishek, a Michigan Republican, tells Newsmax TV President Barack Obama "has been ignoring Congress" since he took office and that Obamacare taxes placed on companies are killing American jobs.
Dan Benishek, Obamacare, medical device tax, repeal
416
2015-29-18
Thursday, 18 June 2015 06:29 PM
Newsmax Media, Inc.
More Articles
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved