Business Now: Medical device makers face new tax hike
To view our videos, you need to
install Adobe Flash 9 or above. Install now.
Then come back here and refresh the page.
Now that the Affordable Care Act is starting to become a reality, taxes are kicking in to pay for the program.
Austin Business Journal
Click here to read more about this story in the Austin Business Journal.
Editor Colin Pope said one of those taxes went into effect Jan. 1. A 2.3 percent tax for medical device manufacturers is expected to raise $29 billion over the next decade.
The hike is impacting two companies in town which expect to lose $3 to $4 million from their annual profits.
Find out more in this “Business Now” in the video above.