There has been a lot of political chatter about a Wall Street Journal report citing Medtronic CEO Bill Hawkins saying the excise tax would lead to the loss of 1,000 jobs. Republicans, like GOP Rep. Michele Bachmann and GOP Rep. Erik Paulsen, say the tax will mean jobs losses in the industry and are pointing to Hawkins comment to back it up.
MPR's Annie Baxter reports this morning that Medtronic's spokesperson clarified that statement:
A Medtronic spokesman said in an email that the statement was taken out of context; Medtronic does not have plans to eliminate jobs as a result of the health care reform law.
The spokesman said Hawkins meant the industry as a whole would lose jobs, and that Medtronic is worried about the impact of the excise tax on device makers large and small.
Commenter Karl points out Medtronic's donation to liar Michele Bachmann:
Rather than finance a liar in office, maybe Medtronic should rethink their political giving.
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