One Part Of Obamacare Both Sides Trying To Repeal

WHEN IT COMES TO THE ISSUE OF REPEALING THE AFFORDABLE CARE
ACT OFTENTIMES A LOT OF THE NEWS IS TARGETED TOWARD REPUBLICAN
MEMBERS OF CONGRESS OR DONALD TRUMP, BUT THE MANAGING EDITOR
OF THE YOUNG TURKS, JONATHAN LARSON, DID SOME DIGGING AND
FOUND OUT THAT A BIPARTISAN CONGRESSIONAL GROUP KNOWN AS THE
PROBLEM SOLVERS CAUCUS IS WORKING TOGETHER TO REPEAL A
PRETTY IMPORTANT PART OF THE AFFORDABLE CARE ACT THAT WAS
SUPPOSED TO GENERATE $29 BILLION IN REVENUE OVER 10 YEARS.
IT'S
SPECIFICALLY IN REGARD TO THE MEDICAL DEVICE TAX, AND THE
MEDICAL DEVICE TAX WAS A 2.5% TAX IMPLEMENTED ON THE SALE OF
MEDICAL DEVICES.
OF COURSE THOSE WORKING IN THE MEDICAL DEVICE
INDUSTRY ABSOLUTELY HATED IT, SO WHAT DID THEY DO?
THEY GOT THEIR
MONEY TOGETHER AND WENT AFTER BOTH DEMOCRATIC AND REPUBLICAN
MEMBERS OF CONGRESS TO TRY TO GET THEM TO REPEAL THAT PORTION
OF THE AFFORDABLE CARE ACT --
JANUARY 1 IS QUICKLY APPROACHING, THEY ARE REALIZING
THAT THIS SUSPENSION IS ABOUT TO BECOME UNDONE, THEY ARE WORRIED
ABOUT IT, SO THEY START SPENDING EVEN MORE MONEY AND THEY ARE
SPECIFICALLY TARGETING THOSE WHO ARE PART OF THIS BIPARTISAN
CONGRESSIONAL GROUP --
JUST TO GIVE YOU A SPECIFIC EXAMPLE, THERE'S THE CO-CHAIR OF
THIS BIPARTISAN GROUP, TOM REED, A REPUBLICAN FROM NEW YORK --
I WANT TO FOCUS ON A SPECIFIC CORPORATION THAT MAKES MEDICAL
DEVICES, IT'S KNOWN AS STRYKER --
NOW, I
LOVE THIS REPORT, I THINK LARSON DID A GOOD JOB
DIGGING IN AND FIND OUT WHAT'S GOING ON.
LET'S HEAR FROM
JONATHAN LARSON FOR MORE CONTEXT.
STRYKER'S CLAIMS ABOUT THE IMPACT OF THE MEDICAL DEVICE TAX
BEGIN TO SHIFT AND CONTRADICT THEMSELVES EVEN BEFORE THE TEXT
TOOK EFFECT.
ON NOVEMBER 10, 2011, THEY ISSUED A PRESS
RELEASE, THIS WAS ONE YEAR BEFORE THE TAX WAS GOING TO GO
INTO EFFECT, IT SAID THAT STRYKER WAS GOING TO LAY OFF 5%
OF ITS GLOBAL WORKFORCE, ABOUT 22,000 EMPLOYEES AT THE TIME.
THEY WERE GOING TO LAY OFF 5% OF THEIR WORKFORCE ACCORDING TO
THEIR NOVEMBER 10, 2011 PRESS RELEASE.
THE SAME DAY, HOWEVER,
THEY SUBMITTED A FILING WITH THE SECURITIES AND EXCHANGE
COMMISSION ABOUT THAT PLANNED LAYOFF, AND THE SEC, AS YOU MAY
KNOW, HAS STRICT REQUIREMENTS ABOUT THE VERACITY OF THE
STATEMENTS YOU MAKE TO THEM.
HERE'S WHAT THEY SAID ABOUT
THOSE LAYOFFS IN THAT SEC FILING.
THEY SAID, QUOTE, THESE
ACTIONS ARE BEING INITIATED TO PROVIDE EFFICIENCIES AND REALIGN
RESOURCES FOLLOWING RECENT ACQUISITIONS TO ALLOW FOR
CONTINUED INVESTMENT IN STRATEGIC AREAS IN AN ONGOING
CHALLENGING ECONOMIC ENVIRONMENT AND MARKET SLOWDOWN IN ELECTIVE
PROCEDURES.
NOWHERE IN THE FILING THAT THEY MENTION
OBAMACARE OR THE MEDICAL DEVICE TAX.
THEY WERE GOING TO LAY OFF PEOPLE BEFORE THIS TAX WAS EVEN
IMPLEMENTED, AND WHEN IT WAS IMPLEMENTED THEY ARE LIKE, LOOK
WHAT HAPPENED.
THIS TAX, WE HAVE TO FIRE THESE PEOPLE, LAY THEM OFF.
THERE ARE TWO PARTS TO THE STORY THAT I THINK JONATHAN DID
A GREAT JOB WITH, AND THANK YOU FOR HELPING US HIRE HIM.
ONE IS
--
YOU ARE WELCOME, BY THE WAY.
ONE IS, HOW MUCH CAMPAIGN DONATIONS THEY TAKE.
CONVENIENTLY, THE GUYS FIGHTING ON BEHALF OF THESE COMPANIES
TAKE TWICE AS MUCH AS PEOPLE WHO ARE ON THE OTHER SIDE.
I KNOW,
THE PEOPLE WHO BELIEVE THAT MONEY IN POLITICS IS AWESOME
WILL SAY THAT'S JUST A WILD COINCIDENCE.
AND THE CHAIR OF
THIS PROBLEM-SOLVING CAUCUS TAKES APPROXIMATELY FIVE TIMES
AS MUCH, ANOTHER WILD COINCIDENCE.
THE SECOND PART OF
THE STORY IS, JONATHAN DOES A GREAT JOB, YOU SHOULD READ IT,
WE WILL HAVE THE LINK DOWN BELOW, HE'S DONE A STORY ABOUT
THIS BEFORE, ON WHAT THE COMPANIES SAY.
HE WILL SHOW THEM
ON TV SAYING THIS TAX WILL COST US SO MANY JOBS, IT'S A JOB
KILLER, THEN HE WILL SHOW YOU ABOUT HOW THEY BRAGGED ABOUT HOW
MANY JOBS THEY CREATED WHILE THE TAX WAS IN PLACE.
THEN THEY WILL
REVERSE IT.
SO THEY STOPPED DOING THE TAX AND THEY SAY THIS
WILL ALLOW US TO CREATE MORE JOBS, AND AS YOU CAN SEE, HE HAS
IT DOCUMENTED, ONE AFTER THE OTHER, AT THE TIME THEY SAID
THIS WILL LEAD TO MORE JOBS, THEY FIRE PEOPLE.
AND IN FACT THE MONEY THAT THEY SAVE FROM REPEALING THE TAX
NEVER GOES TOWARD HIRING MORE PEOPLE.
IN FACT HE HAS SHOWN IN
CASE AFTER CASE THAT WHAT USUALLY HAPPENS IS THE
EXECUTIVES OF THE GIVEN CORPORATION WILL TAKE THE MONEY
THEY'VE SAVED FROM TAXES AND THEN BUY SHARES OF THEIR OWN
COMPANY TO INCREASE THE STOCK VALUE.
IT'S ABOUT HOARDING THE
MONEY FOR THEMSELVES, THEY DON'T CREATE MORE JOBS, INFECTED
USUALLY LEADS TO THE OPPOSITE OUTCOME.
LET ME TALK ABOUT THE OPPOSITE OUTCOME.
THE MONEY WHEN THEY DO
THE STOCK BUYBACKS MAINLY GOES TO THE EXECUTIVES, BUT THE OTHER
STUFF IS WORSE BECAUSE THEN THEY WILL SAY AGAIN, IN THEIR SEC
FILINGS WHERE THEY ARE ALLOWED TO LIE -- ON TV THEY CAN LIE
ONLY ONE, THEY WON'T GET CHALLENGED ON CABLE NEWS -- IN
THE SEC FILINGS THEY SAY WE WILL USE THE MONEY TO CONSOLIDATE, TO
DO MERGERS AND ACQUISITIONS, AND TO BUILD MORE OFFSHORE.
THAT
MEANS THEY ARE OFFSHORING YOUR JOBS AND DOING MERGERS AND
ACQUISITIONS, ONE COMPANY SAID WE CREATED 100 JOBS.
THEY BOUGHT
ANOTHER COMPANY, THEY DIDN'T CREATE THOSE JOBS, THOSE JOBS
CAME FROM ANOTHER COMPANY, IN FACT THEY LAID OFF 100 PEOPLE
FROM THE COMPANY THEY ACQUIRED.
JONATHAN IS EXPOSING THOSE LIES,
SO THIS MYTHOLOGY OF YOU GIVE CORPORATIONS TAX CUTS AND OUT OF
THE GOODNESS OF THEIR HEART THEY WILL CREATE MORE JOBS, THAT'S
NOT TRUE.
AND THERE IS ONE OTHER PERSON CULPABLE HERE, THAT IS
CHUCK SHUMER.
CHUCK SCHUMER HAS A MEDICAL DEVICE COMPANY
HEADQUARTERED IN UPSTATE NEW YORK, A LOT OF THEM WILL USE
THIS EXCUSE THAT IT'S IN MY STATE, IT'S IN MY DISTRICT --
ALSO THEY GIVE ME A LOT OF MONEY, THAT PART THEY LEAVE OUT.
AND THE FACT THAT IT'S IN THEIR STATE GIVES THE MORE INCENTIVE
TO DONATE.
SO SCHUMER WAS ONE OF THE GUYS SAYING MEDICAL DEVICE
TAX, ON THAT ONE I AGREE WITH THE REPUBLICANS AND MITCH
MCCONNELL.
THAT PROBLEM SOLVERS CAUCUS, THE ONLY PROBLEMS THEY
ARE SOLVING IS FOR THEIR DONORS.
I HAVE TO ELABORATE A LITTLE MORE ON WHAT SCHUMER DID,
BECAUSE IT WAS SO INCREDIBLY SHADY.
I GUESS I SHOULDN'T BE
SURPRISED, BUT I'M STILL
A LITTLE NAœVE --
THAT'S ACTUALLY NOT WHAT HAPPENED.
IN FACT --
WELL, AT THE TIME -- THAT'S WHAT IS SO GREAT ABOUT
JONATHAN'S REPORTING TOO, HE SHOWS YOU THE TIMING OF WHEN
THEY SAID THESE THINGS AND WHEN THEY HAPPENED.
BUT YEAH, THIS IS
WHAT POLITICIANS DO.
THAT'S 101.
GO BACK TO WHEN THEY DID HIRE,
DOESN'T MATTER THAT ALL IS PEOPLE HAVE BEEN LET GO SINCE
THE ACQUISITION WHICH I PROBABLY HELPED FACILITATE IN SOME WAY.
AND I DON'T KNOW IN THAT CASE, I'M SPEAKING TONGUE-IN-CHEEK.
BUT THAT'S HOW THEY OPERATE.
WHEN YOU GET THIS KIND OF
REPORTING, THIS KIND OF REPORTING POINTS THAT STUFF OUT,
IT'S IMPORTANT TO READ THIS.
AND UNDERSTAND THAT THE THINGS YOU SEE ON TV ARE TALKING
POINTS.
JUST BECAUSE YOU SAW IT ON TV DOESN'T MEAN THEY ARE
VERIFIED OR THAT ANYONE CHECKED THOSE FACTS.
WHEN YOU GO TO
CHECK THE FACTS, YOU REALIZE THAT A LOT OF IT IS PROPAGANDA.
AND THE TV COMPANIES, WHICH TAKE A TON OF MONEY FROM HEALTHCARE
COMPANIES IN ADVERTISING, ARE HAPPY TO PUSH THAT PROPAGANDA.
THE POLITICIANS WHO GET A TON OF MONEY IN DONATIONS FROM THOSE
SAME COMPANIES ARE HAPPY TO PUSH THAT PROPAGANDA.
BUT THE MINUTE
YOU SCRATCH THE SURFACE YOU REALIZE HOW FALSE IT IS,
AND THAT'S EXACTLY WHAT WE ARE TRYING TO EXPOSE HERE ON
THE YOUNG TURKS.

One Part Of Obamacare Both Sides Trying To Repeal

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