You won’t see the lefties getting all worked up over fast food places dumping workers because of the ObamaCare tax hike paying much attention to this. But one of ObamaCare’s uglier little knives was a tax on medical equipment manufacturers. And now that tax is hitting home for one of Obama’s biggest donors.
Forget Papa John’s. Meet Jon Styker.
Jon Stryker is heir to the Stryker Corporation, one of the largest medical device and equipment manufacturers in the world. Stryker’s grandfather was the surgeon who invented the mobile hospital bed. The company now sells $8.3 billion worth of hospital beds, artificial joints, medical cameras, and medical software every year.
Stryker, a member of the Forbes 400 list, was one of the top five donors to the Obama campaign. Having donated $2 million to the Priorities USA Action super PAC, Stryker also gave $66,000 in contributions to Obama and the Democrat Party.
Stryker Corporation has announced that it will close its facility in Orchard Park, New York, eliminating 96 jobs next month. It will also counter the medical device tax in Obamacare by eliminating 5% of their global workforce, an estimated 1,170 positions.
Last June, while the nation awaited the Supreme Court’s decision on the constitutionality of the individual mandate, Stryker Corp. announced that it was tying plans to slash 5% of its global workforce to the tax if the law was upheld. The company would do this as part of an effort to realize $100 million in annual productivity gains to offset the blow when the excise tax went into effect in 2013.
None of the lefties calling for a boycott of Papa John’s is going to notice this. But by the time ObamaCare’s reign of terror is done, millions more jobs will be lost and medical care in America will undergo a significant decline.
But just one remember one thing. While Jon Stryker does not have enough money to pay his employees, he does have money for the things that really matter.
Prior to the 2012 election, Stryker contributed millions to help Democrat candidates in his home state of Michigan. He also gave nearly $250 million to groups supporting gay rights, transgenderism, and the conservation of apes. In January, his Arcus Foundation donated $23 million to Kalamazoo College for an endowment to fund a center for social justice leadership.
There is your liberal 1 percent in all its repugnant glory.