Another day, another successful American technology company flees Obama’s America

I am disappointed in Metronic. They are moving their hq. to avoid paying Minnesota taxes. This is what it means to you and me–we have to pay their share. I don’t care how many jobs will be created and how they and our good Gov. Dayton try to whitewash it. It is still avoiding taxes that are owed to this state. Shame on them.

zeldac (from comments @ StarTribune)

Another day, another example of a successful American technology company fleeing the punitive corporate taxes here in Obama’s America. This time it’s Medtronic, the worlds largest medical device manufacturer currently based in Minnesota, that is packing up and moving their headquarters to the emerald shores of Ireland.

Via the very left-wing Minnesota Star Tribune:

The word “ironic” may be used too much, but how else do you describe Medtronic moving its headquarters to Ireland so that it will have more capital to invest in the U.S.?

Buying Covidien PLC for $42.9 billion turned out to be Medtronic’s solution to one of its most vexing problems: How does the global medical device maker use its “trapped cash,” the more than $20 billion in earnings from its non-U.S. subsidiaries, without ­paying a higher U.S. tax rate?

It’s actually trapped by choice, of course, as leaving capital offshore is one of the ways that big companies manage to pay far less in income taxes than the statutory federal rate. Companies would argue that the U.S. tax bite leaves them no real choice.

Another important fact is not only is Medtronc on the hook for an effective 40% corporate tax rate here in the US, as a medical device manufacturer, they are also on the hook for Obama’s 2.3% medical device tax as well.

Again, from the very left wing Star Tribune:

The federal medical device tax that is an ongoing target for the nation’s medical technology sector, including hundreds of businesses in Minnesota, has apparently survived another attack.

Senate Majority Leader Harry Reid recently refused to allow an amendment that would have suspended collection of the tax for two years to be attached to a bill that extends current tax measures that are set to expire.

The move likely puts off any action that can actually stop collection of the 2.3 percent levy on device sales for months, if not years.

The tax, projected to yield billions of dollars to finance national health care reform over the next decade, has been in the cross hairs of industry lobbyists since its inception. They say it costs jobs and innovation.

Supporters say it is a fair contribution by the device industry to health care reform that could increase business for companies involved in medical technology.

I guess Obama and his henchmen won’t be collecting a medical device tax from the worlds largest medical device manufacturer either. However, in reality, Medtroic’s customers will be the ones receiving the tax break, since businesses ultimately don’t pay taxes. they pass the taxes on to their customers.

The United States needs to seriously need to look at our tax and regulatory structures. If this situation continues, more corporations are going to make the same calculation Medtroic made (US corporate taxes of 40% + 2.3% medical device tax vs. Ireland’s 12.5% corporate tax and no medical device tax) and relocate to a more business friendly climate.

Bernie Sanders champion of government run health care needs private medical system to bail out VA 

This just about says it all. Socialist Bernie Sanders (I-Vt) sponsored a bill (with the help of the Democrats greatest ally,vRINO John McCain) allowing veterans in certain situation opt out of the VA system and obtain health care through the private sector:

The agreement also would give veterans greater flexibility to seek medical care at facilities not run by VA if they are experiencing long wait times or live more than 40 miles from the nearest VA hospital or clinic. Veterans could choose instead to seek care at private facilities that accept Medicare, federally qualified health centers, Indian Health Service facilities or medical facilities run by the Defense Department.

So, what was the Socialist Senator saying about government run healthcare less than a year ago?

 It boggles the mind that approximately 30 percent of every healthcare dollar spent in the United States goes to administrative costs rather than to delivering care. Taiwan, for example, spends only a little over 6 percent of its GDP on healthcare, while achieving better health outcomes on some key indicators than we do. The reason, of course, is that they spend a fraction of what we do on administrative costs.

If our goal is to provide high-quality healthcare in a cost-effective way, what should we be doing?

Clearly, we must move toward a single-payer system.

The health insurance lobby and other opponents of single-payer care make it sound scary. It’s not. In fact, a large-scale single-payer system already exists in the United States. It’s called Medicare. People enrolled in the system give it high marks. More importantly, it has succeeded in providing near-universal coverage to Americans over the age of 65.

Establishing a single-payer system will mean peace of mind for all Americans. When health insurance is no longer tied to employment, people will not fear losing both their job and their family’s access to healthcare. Millions of Americans won’t have to stay in jobs they don’t like because their family needs healthcare. Entrepreneurs and small businesses will be free to develop their business plans without worrying about the cost and complexity of providing healthcare for themselves and their employees.

Wow, Sanders vision sounds a lot like the VA Healthcare system… Except for the “peace of mind” part… And the “high marks” part… And the “30 percent of every healthcare dollar spent in the United States goes to administrative costs” part…

Obama and his I.R.S. henchmen are barring employers from dumping employees into exchanges

Obama and his henchmen at the I.R.S. are now going to ‘bar’ employers from dumping employees into ObmamaCare exchanges. What could possibly go wrong:

Many employers had thought they could shift health costs to the government by sending their employees to a health insurance exchange with a tax-free contribution of cash to help pay premiums, but the Obama administration has squelched the idea in a new ruling. Such arrangements do not satisfy the health care law, the administration said, and employers may be subject to a tax penalty of $100 a day — or $36,500 a year — for each employee who goes into the individual marketplace.

The ruling this month, by the Internal Revenue Service, blocks any wholesale move by employers to dump employees into the exchanges.

Under a central provision of the health care law, larger employers are required to offer health coverage to full-time workers, or else the employers may be subject to penalties.

Many employers — some that now offer coverage and some that do not — had concluded that it would be cheaper to provide each employee with a lump sum of money to buy insurance on an exchange, instead of providing coverage directly.

But the Obama administration raised objections, contained in an authoritative question-and-answer document released by the Internal Revenue Service, in consultation with other agencies.

Wait, I thought ObamaCare was great? What changed?

In all seriousness, employers are now going to curtail new hiring and, if necessary, shed employees in an effort to try coping with the increased healthcare costs brought on by the increased meddling in the healthcare market by the Fed’s.

Budgets, Power & Ego: GOP establishment wants to fix, not repeal, ObamaCare

There is no distinctly American criminal class – except Congress.

Mark Twain

The GOP establishment is more interested in fixing, and not repealing, ObamaCare. Via Rush Limbaugh today:

Now, their fixes might sound free market, conservatively oriented, this kind of thing. But the Republican establishment does not want to be identified in any way with any thought of getting rid of Obamacare. That’s the take-away. They just don’t. Now, we also will assume that the Republican establishment wants to win elections. Some people are not convinced of that.

Like some think the Senate leaders do not want to win, that they’re happier in the minority. There’s no challenge there, no real responsibility. They can’t be held accountable for anything. As a loser, you don’t have to put forth an agenda, don’t have to try to get it passed. They can just sit there in the minority and basically try to stop whatever they can, but that’s about it — and it’s easier.

Leading is tough. There are some who think that there are Republicans that really don’t want to win ’cause it’s harder. But the Republican establishment, they do want those committee chairmanships. They do want to be in charge of the money, and they don’t want government getting any smaller.

Of course, longtime MCT readers have known that politicians, D and R alike, relish the idea of being in charge of all that money flowing into Washington D.C. thanks to ObamaCare.

Via MCT September, 2013:

In business, as you rise within a company’s management ranks, the larger the budget (the amount of the companies money) you control. Job titles mean very little compared to the amount of company dollars at you disposal. Among executives, budgets are the great equalizer. Regardless of industry, the measure of a manager / executives importance to his organization is the amount of budget at his command.

It’s an ego thing.

Congress has adopted this philosophy as well. With continual expansion of the Federal budget, most Representatives and Senators work to seize ever larger portions of our national economy expanding members of Congress budgets. This expansion gives members greater power and influence. Once ObamaCare is sufficiently implemented, members of Congress will have trillions of additional dollars at their disposal to spend as they see fit- mostly to ensure he or she remains in office no matter what.

When the GOP lead House of Representatives caves on removing funding of ObamaCare (they will cave) from the federal budget, it will have less to do with receiving blame for a government shutdown or obscure parliamentary rules and more to do with budgets, power and ego.

It’s no wonder why so many conservatives are don’t trust the GOP establishment

Democrat John Dingell: It will take a while for ObamaCare to “control the people”

Watching guys like John Dingell, who’ve spent way too much time siphoning money from our economy and passing laws and edicts while not contributing a single nickle worth of economic growth, is galling.

What’s almost as irksome, is the fawning press coverage of Dingell’s retirement. Why isn’t the media, particularity the local media playing this clip where Democrat Dingell let’s his true colors show on a local morning radio show here in Detroit?

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Yep, the progressive Democrat dream according to John Dingell is to “controlling the people.”

Lefty columnist on ObamaCare: “The cost is comparable to what I kicked in for a employer-provided plan”

After over half a billion dollars sent to Canada for coding, it’s good seeing that the ObamaCare web site is actually working.  According to lefty columnist Susan J. Demas @ MLive the ObamaCare web site works great:

I’m not the most tech-savvy person in the world, as my husband will readily attest. One of his projects today is helping me dump pictures from my phone to laptop.

So although I’m on record for appreciating many of the benefits of Obamacare — requiring coverage of prenatal and pregnancy care, preexisting conditions and mental health — I expected problems signing up.

After all, it’s easy to stumble across stories of people complaining about higher prices and assorted online glitches. It’s been a public relations disaster for President Obama’s administration, which has had to hire new firm to handle the site after Feb. 28.

But my experience on Healthcare.gov was anything but a horror story.

Great, she was able to click your way through the web site. What did our lefty columnist purchase on the shiny new website?

The site turned out to be as easy to use as Amazon. There were no error screens to be found.

I was able to shop for insurance like I do for flights. The plans and details were all listed with the monthly premium in big, bold type — no muss, no fuss.

And I was pleasantly surprised by the cost. I found a gold plan (the second-highest level) for my family with a low deductible for less than half of similar plans I priced out before the Obamacare exchange started up.

The cost is comparable to what I kicked in for a employer-provided plan — and the coverage is far better.

I know my private sector employer kicks in a lot more than I do for my health insurance, so it’s reasonable to assume that millions of taxpayers (like me) are kicking in a hefty chunk for people like Ms. Demas health insurance.

I think a “thank you” to the American taxpayer is in order.

“I’ve been a cheerleader for the Affordable Care Act and assumed it was designed for people in my situation”

Another Obama believer has been smacked in the face by the hard reality that there truly are no free lunches. Via See B.S.:

One Oregon mother says that she is unable to afford health insurance for her and her 18-month-old son because it’s too expensive.

The woman — who wishes to remain anonymous — tells KOIN-TV that she originally championed President Barack Obama’s signature health care law because she thought it would help people in her situation.

“I’ve been a cheerleader for the Affordable Care Act since I heard about it and I assumed that it was designed for people in my situation,” she told KOIN. “I was planning on using the Affordable Care Act and I had done the online calculator in advance to make sure I was going to be able to afford it.”

Her husband works for a non-profit organization that pays for his health care, but the couple is unable to afford to have her and their son covered under his plan. And she’s been told their combined income is too much to qualify for a subsidized health care plan under Cover Oregon.

“It wasn’t until I started the process and got an agent that I started hearing from them I wasn’t going to qualify for subsidies because I qualify on my husband’s insurance,” she told KOIN.

If we rewind the tape and remind our cheerleader that we on the right have been warning all along that we should never put our healthcare system in the hands of the government, she probably would’ve flipped out and ranted uncontrollably about how us on the right are racist teabaggers.

You know it would happen, because it has.

Seriously, only watch the first 40 seconds, no need to subject yourself to more than that.

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Lib’s are such an unhappy bunch. I don’t understand why anyone would want to assoicate with them.

Our Obamacare future: England’s NHS bosses warn alcohol’s burden on the NHS is unsustainable

As expected, Democrats are crowing a bit as their stupid Obamacare web site is handling slightly more than a single user at a time.

However, if you want to get a glimpse to what’s in store for We The People in the not to distant future once Obamacare morphs (as planned) into a single payer system becoming entrenched into every facet our daily lives. Look at what is going on in England and their single payer health care system:

More than half a million people have been hospitalised in the past three years because of drink or drugs, with those in their 40s behind a surge in cases that is putting a strain on the NHS, official figures reveal.

A total of 533,302 people in England have been admitted to hospital as an emergency since 2010 with serious health problems related to their consumption of alcohol or illicit substances. The vast majority were admissions for conditions specifically related to alcohol abuse, such as liver problems. Of those, 60,738 were aged 40 to 44 and another 60,083 were 45 to 49 – together, more than a fifth of the total. Some were admitted a number of times between 2010 and 2013.

And

Doctors’ leaders and NHS bosses warned that alcohol’s burden on the NHS was unsustainable. “It is vital that we take more action to tackle the impact of excessive alcohol consumption on the UK’s population and the NHS,” said a spokesman for the British Medical Association. “As the Dr Foster research highlights, this is a problem that affects large numbers of people across all age groups and as a result places serious strain on a number of already overstretched NHS services.

Just imagine flipping on your TV and listening to a faceless (and unelected) bureaucrat scolding us how the average American is too overweight, or drinks too much, or doesn’t get enough exercise.

Nice going low information voters.

Story shamelessly lifted from Timmy.