business law

ii. Stakeholder One: Congress (Democratic Party) Since Democratic Party is the one who proposed this law, most Democratic senators supported the medical device tax law. Obviously, this law will make the implementation of Affordable Care Act become more easier. The Affordable Care Act will be successfully only when government has enough money. Moreover, although many medical device manufacturers asserted that this tax is harmful to their businesses, these senators think that this tax just a small sacrifice from bigger revenue. After Affordable Care Act start to work, there are more than 30 million people who will gain health coverage under Affordable Care Act. In other words, all these people will become potential customers to medical device industry. Therefore, the increase revenue from these potential customers will offset the tax cost 1. Furthermore, we should consider the influence of this tax policy on other industries except medical device industry. Affordable Care Act is a very complicated project and influential to many industries. There are also some tax regulation to industries such as hospitals and health insurance companies. Democratic Party have to consider that the repeal of medical device tax may trigger the serial effects because the other industries such as insurance companies and hospital will try to repeal the tax they have to pay as well.2 Furthermore, medical device industry is one of the most profitable industry in United States. Passing this law not only make the Obamacare operate easier but also help U.S. government reduce the financial deficit. "Fracturing on anything related to the Affordable Care Act is one of the most moronic moves Democrats could make," said a Senate Democratic aide, who requested anonymity to speak candidly. "Repealing the medical device tax is playing into House Republicans' pathological obsession with dismantling the law at any cost. This is a more than $30 billion handout to one of the most profitable