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Big thanks to everyone in this forum who ever visited no2point3.com and/or asked members of Congress to rollback the 2.3% medical device tax on gross sales. See below for related links. Among the submitted discussions on the topic, I was most intrigued by one from group member Paul Stein, who writes: “Now that Congress has put the 2.3% Medical Device Excise Tax on hold for two years, corporate and small business leadership needs to send a bold message to that august group: ‘We were right all along. That onerous tax was a job killer.’ To prove this, there must be a whole lot more to prove that point beyond big talk-no action. The new increase in company income cannot simply go out as bonuses but in retooling or purchases of major equipment and facilities that will directly lead to more employees immediately afterwards. Before too long, I would say within six months, there needs to be a demonstrable increase in the number of new hires. If this is not done, then every individual who paid for any lobbyist will be shown for what each truly was with those incessant lamentations up through last week…a person crying wolf. In two years, there had better be a ton of new hires in the medical device industry. Because the new job data generated in those two years will be seen by one and all, and if Congress doesn’t like what is seen, the tax will surely come back. And if that happens, there will be no doubt as to why that will have occurred and who is to blame. And the industry “leadership” organizations will have zero credibility going forward. This opportunity cannot be squandered. There isn’t a lot of time to focus on a bright new future for our Industry and to move quickly towards it.” +++ While I don’t agree entirely with Paul’s position, it’s an excellent springboard for this week’s discussion. • Do you expect to see a marked uptick in medical device industry employment? In R&D? ++++++++++ Related articles around the Web Why the Device Tax Suspension Is Just the Tip of the Iceberg, by Chris Newmarker, QMED Medical device tax suspended in $1.8T federal budget by Varun Saxena, FierceMedicalDevices Obama signs medical device tax pause into law by Brad Perriello, MassDevice The Fate of Obamacare by Russ Douthat, New York Times ++++++++++ Discussions we held in this forum 2015: Tax leads to lay-offs, frozen R&D, no raises 2013: Adding Seven to Payroll 2012: Don’t let the Senate outsource your job to China 2011: Does anyone see anything GOOD in this tax? ++++++++++ Planning your 2016 training schedule? See “Comparing Medical Device Marketing + Sales Conferences” at http://medgroup.biz/comparison ++++++++++ Happy Holidays, Joe Hage P.S. Visit our companion site at http://medgroup.biz/MDG-SITE for lists and archived presentations. Timothy H ‘Dutch’ Dwight Bruce Carlson Dan Miller Joe Moore Allen Charnaw John Eckberg Dan Golka John Eckberg Paul M. Stein John Eckberg Nick Ayers Paul M. Stein Susan poses a point that I stated since the beginning regarding layoffs, that the tax could not be directly pointed to by any outsider as a cause. There are an infinite number of reasons for corporate types doing what they do. I am hoping that soon there will be a huge revving up of new R&D with an associated massive hiring. If there isn’t, and the layoff status quo continues, then what I said about three years ago, and what Susan says now, is affirmed…poor corporate strategy is to blame, period. Chuck M Calvert Susan Otterson Yaseen Ahmed If you have any requirements of manpower from India, you may contact us for the service. Looking forward to build mutual beneficial RELATIONSHIP with your esteem organization. Thanks and Regards Paul M. Stein Joe Moore Timothy H ‘Dutch’ Dwight Kristina Port Susan Otterson Marked as spam
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