“If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
-Ronald Wilson Reagan
What ♡bamaCare!!! takes with one hand, Washington promises to return with the other:
The Obama administration has made Memphis’ medical device manufacturers eligible for a federal program to train thousands of new employees, but, nationwide, the industry is laying people off because of a steep Obamacare tax.
One might wonder why the feds are spending perhaps as much as $1 billion — if you believe a press release from U.S. Rep. Steve Cohen, D-Memphis — for jobs that might not exist in the future.
Cohen’s press release also says the program, called the Investing in Manufacturing Communities Partnership initiative, might add 45,000 new jobs to the medical device manufacturing industry in Memphis and nine surrounding counties.
Whatever the result in this particular case, in general the important thing is that the money and the decision-making power flow through Washington first, last, and always.