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steve: how ominous. today a new tax takes effect that you might not know about as part of the president s massive health care overhaul that passed a couple of years ago. it takes effect today. it is a 2.3% tax on the sale of all medical devices. juliet: we probably do know about it if you ve been watching fox news channel because we ve been following our next guest s story. while that might help raise $30 billion, there arrest lot of critics and peter cash could come at the expense of good paying american jobs. we re joined by andre, the president of adm electronics, a family owned medical device company in new jersey. you guys have 19 employees. for the first time you actually are thinking you may have to lay people off. tell us why you re in that position at this point. unfortunately, this is a totally discriminatory tax just on the medical device industry and it s a top line tax. it s on growth, regardless of whether or not you re making a profit, it s on the top line. therefo
julia: in four days several taxes tied to obama care will go in to effect including the medical device tax. healther found out it is about to impact every american. good to see you. that is right. this will pact every consumer. a new tax coming out. the tax will be put on devices that range from mri s to prosthetics and items in every doctor s office and veterinary offices. it will be passed alongg to consumers and manufacturers say it will result in job loss and stifle innovation and upon send jobs over seas. we went to one manufacturer. adm electronics that employs 19 people to ask them what it means for their industry. your company is about to be hit with a 2.3 percent tax on medical devices. it means more. it is on gross sales and that