“As it turns out, the day the Senate Finance Committee voted to approve its health-care reform bill was the same day that about 1,400 workers and executives in the medical-device industry convened in Washington to talk shop. Under the bill approved on Tuesday, the medical-device industry would pay a total of $40 billion over 10 years. Players big and small in the industry, which makes items from tongue depressors to artificial hearts, warned that the tax would harm their ability to innovate.” (Washington Post, Wednesday)

Do the senators think we have too many devices?

FEE Timely Classic
“The Power to Tax Is the Power to Destroy” by Clarence B. Carson