Category: Medical Device Tax
A MassDevice.com analysis of reported payments for the medical device tax last year finds that 14 companies accounted for more than 97% of the nearly $500 million collected.
The financial impact of the medical device tax appears to be much lower than originally feared, a MassDevice.com analysis shows, with the medtech industry paying at least $500 million on the 2.3% levy last year.
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A bill to repeal the medical device tax sponsored by Sen. Orrin Hatch (R-Utah) advances to the Senate Finance Committee.
A bill aiming to repeal the medical device tax sponsored by Sen. Orrin Hatch (R-Utah) is before the Senate Finance Committee.
The bill was read in and sent to the finance panel Feb. 7, 2013. It would strike all references to the 2.3% excise tax on medical devices enacted as part of the Affordable Care Act from the federal tax code.*
A tax reform package from Rep. Dave Camp (R-Mich.) would repeal the 2.3% tax on U.S. sales of medical devices enacted along with the Affordable Care Act.
A comprehensive tax reform plan put together by Rep. Dave Camp (R-Mich.) would do away with the medical device tax contained in Obamacare, but the package appears to be a dead letter in Washington after Republican leaders cast doubt on its chances for a vote this year.
Camp, chairman of the House Ways & Means Committee, said it's high time the U.S. overhauled its tax code, which hasn't seen a major revision since 1986.
Capitol Hill veteran Clayton Hall joins the Medical Device Manufacturers Assn. as vice president of government affairs and the Medical Imaging & Technology Alliance names Erin Doty Georges director of federal & state government relations.
The Medical Device Manufacturers Assn. and the Medical Imaging Technology Alliance tapped a pair of Capitol Hill veterans to lead their government affairs departments.
Clayton Hall, a former chief of staff for 3 representatives with 12 years on The Hill, was named vice president of government affairs at MDMA, the association said.
Rep. Erik Paulsen (R-Minn.) urges President Barack Obama ahead of Minnesota visit to take mercy on medical device makers, which have faced layoffs and R&D cuts in the wake of the 2.3% medical device tax.
President Barack Obama is slated next month to make a visit to one of the medical device industry's primary hubs in Minnesota, and medtech advocates are hoping to use the occasion to emphasize efforts to repeal a 2.3% sales tax that hit the industry last year.