Democratic Sen. Amy Klobuchar's slogan, "Working for the People of Minnesota," needs tweaking.
Based on her recent efforts to repeal a puny medical device tax, something like, "Working for the People of Minnesota When Business Interests Don't Come First" feels more apropos.
Along with Sen. Orrin Hatch (R-Utah), Klobuchar -- who's taken in $260,000 from the health products industry, including $71,000 from industry giant Medtronic -- recently reintroduced legislation aimed at killing ObamaCare's Medical Device Tax.
Their argument: The tax has forced employers to cut tens of thousands of jobs.
The Medical Device Tax, a 2.3 percent hit on various equipment from MRIs to rubber surgical gloves, is a key part of funding Obamacare.
And the incessant job-loss claims made by Klobuchar -- as well as Sen. Al Franken and Congressman Erik Paulsen -- don't hold water.
According to a new report from the Congressional Research Service (CRS), the tax's effects on jobs and medical device firms are "relatively modest."
Calling the tax "relatively small," the CRS estimates that between 47 and 1,200 workers could lose their jobs. Contrast this with research commissioned by the device industry, which projects losses of up to 40,000 jobs.
Like Klobuchar, Franken's political career too has benefited from the generosity of the cash-rich sector, bankrolled by health interests -- to the tune of $866,000.
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