“There is a role for government to play in business, but sometimes government needs to know when to get out of the way,” says Scott Brown, the former Republican senator from Massachusetts, in a video interview with Mergers & Acquisitions at ACG Boston’s Growth Conference 2013, which brings together some 600 middle-market dealmakers and is the largest M&A event in New England. (Watch the video interview, below.)
“The amount of new regulations coming out is unbelievable,” Brown argues. “ObamaCare has 18 new taxes. The new medical device tax is changing the way medical device makers look at investing here in Massachusetts and in the United States,” says Brown, referring to the 2.3 percent excise tax on medical devices in the Affordable Care Act, which he opposed.