News Headlines Article

Sacramento Medical Device Makers Have Mixed Views On Obamacare Tax
capital public radio

No one likes to be taxed. For many small businesses, the added costs can be especially unwelcome.

“We just write checks out for the tax and we haven’t seen any of the benefits,” says Jim Thompson, chief financial officer of Gold Standard Diagnostics. The 40-employee company based in Davis makes kits that medical laboratory workers use to run tests. It also sells a machine that runs those diagnostics so people don’t have to.

Since the beginning of this year, the company has paid a 2.3 percent tax on most of its sales.