FLASH: Senate votes 79-20 in favor of medical device tax repeal amendment

March 21, 2013 by Arezu Sarvestani

The Senate votes overwhelmingly in favor of a non-binding amendment that would repeal the medical device tax and establish a reserve fund to help pay for it.

Capitol Hill

The U.S. Senate voted 79-20 in favor of a bipartisan amendment that would repeal the medical device tax.

The measure, proposed by Senators Amy Klobuchar (D-Minn.) and Orrin Hatch (R-Utah), is a non-binding amendment contained in a the Senate's continuing budget resolution, but the win may be an important step forward for opponents of the device tax.

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Repeal efforts have had a hard time gaining traction in the Democrat-led Senate as some members voiced concern about how the government would make up for the $30 billion in revenue the tax is slated to generate over 10 years.

The Klobuchar-Hatch amendment would would establish a deficit-neutral reserve fund to help offset the cost of repealing the tax.

Senator Kelly Ayotte took to Twitter to voice her support for the measure, announcing victory shortly after the amendment passed.