Business Now: Medical device makers face new tax hike
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Now that the Affordable Care Act is starting to become a reality, taxes are kicking in to pay for the program.
Click here to read more about this story in the Austin Business Journal.
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.