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Stryker unhappy about new taxes in the New Year

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KALAMAZOO (WKZO) -- One of Kalamazoo’s major employers says new healthcare taxes will mean layoffs.

Stryker Corporation says starting in 2013, it owes excise tax on each medical device sold. The company says they have decided to off-set the costs with the layoff one-thousand employees, rather than absorb any of the additional costs by reducing profits.

The Obama Administration has staunchly defended the tax saying the 30-billion dollars raised will be spent on Obamacare, and there will be so many more people getting proper healthcare that the medical equipment manufacturers will get the money back on the front end.

 

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