Obama Built This, Too...

And there will be a whole lot more like this.  From the news article in the Indianapolis Business Journal:

Cook Medical Inc. had been planning to open five new manufacturing plants over the next five years in small communities around the Midwest, including Indiana, but has shelved those plans because of the hit it will take from a new U.S. tax on medical devices.

The Bloomington-based medical device maker estimates it will pay between $20 million and $30 million once the tax takes effect in January, Pete Yonkman, executive vice president of strategic business units at Cook Medical, said this week.

The 2.3-percent tax on sales of all medical devices was created as part of President Obama’s 2010 health reform law to help pay for its expansion of health insurance coverage to as many as 30 million more Americans. The tax is projected to raised about $2.9 billion per year.

From the perspective of a medical device manufacturer like Cook, the new tax imposed by ObamaCare is a clear message: take your manufacturing offshore, where you'll get lower labor costs and no punitive tax.  Exactly what we need in the middle of a recession, right?

Remember this when you vote in November...