— David M. Drucker (@DavidMDrucker) September 19, 2014
That’s it? That is all the Senate will do with Obamacare? Give money to an industry that contributes pretty much to everyone and then continue to fuck the IRS chicken?
The medical device tax was put in place to raise revenue to cover premium subsidies. If there is a 1:1 revenue replacement and not a benefit cut or subsidy cut, I would be shocked if this did not pass the Senate with 85 votes. If there was no replacement, I think it would pass the Senate with 72 or more votes.
From a system point of view, it is a “So what” symbolic attack on Obamacare that does almost nothing besides deliver either no net stimulus if there are offsets to a zero-rate bound economy or inefficiently delivers a small stimulus to the economy if there are no offsets.