Category: Capitol Hill
A look at the top 10 politicial action committee donations shows that medtech is betting heavily on a GOP win in the midterm elections.
The medical device industry is betting on a Republican sweep of the U.S. Congress during the 2014 mid term elections, according to a MassDevice.com analysis of donations made by the industry's 10 largest political action committees.
Former Indiana Sen. Evan Bayh told medical device makers at AdvaMed 2014 that he is confident President Barack Obama won't fight a repeal if there's an offset, saying it's "not a big issue" for the president.
Regardless of whether Republicans are able to re-take the U.S. Senate in the midterm elections, there's a good chance the medical device tax will be repealed, according to former Sen. Evan Bayh.
New U.S. Treasury rules on inversion deals are unlikely to scuttle Medtronic's pending $43 billion merger with Covidien, analysts say, but are likely to make it more complicated and expensive.
New rules on inversion mergers announced yesterday by the U.S. Treasury Dept. send shares of Medtronic and Covidien down as questions swirl about the impact ion their pending $43 billion merger.
The U.S. House of Representatives passes a jobs package that would repeal the medical device tax and issue refunds for all levies paid since the 2.3% excise tax went into effect last year.
UPDATED Sept. 19, 2014, with comment from MDMA, MITA and AdvaMed.
The U.S. House of Representatives voted yesterday to repeal and refund the medical device tax and promptly went into recess until after the mid-term elections in November.