Category: U.S. House of Representatives
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.
Rep. Erik Paulsen (R-Minn.) tells MassDevice.com about his latest run at repealing the medical device tax, which the U.S. House is slated to take up as part of a larger package of jobs bills this week.
UPDATED Sept. 16, 2014, with comment from AdvaMed CEO Stephen Ubl.
The U.S. House of Representatives is slated to take up a package of already-passed jobs bills this week, including a provision sponsored by Rep. Erik Paulsen (R-Minn.) that would repeal the medical device tax.
Massachusetts Congressional challenger Seth Moulton vows to fight against the medical device tax, putting fellow Democrat and long-time House incumbent John Tierney on blast.
The medical device tax has long been a rallying point for lawmakers on the right, but the levy is making a cameo appearance in a fight among Democrats looking to represent Massachusetts' 6th District.
Democrats in the Senate and House push a measure to withhold federal contracts from companies that move their headquarters overseas to find better corporate tax rates.
A handful of Democrats in Congress are hoping to curb a corporate exodus by threatening to withhold federal contracts from firms that shift their headquarters overseas to benefit from lower tax rates.
Edwards Lifesciences chairman & CEO Michael Mussallem warns Congress that healthcare regulators and payers are cultivating an "alarming and documented decline in U.S. medical innovation."
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.