"It's time to act" on medtech tax repeal, Reps Paulsen and Kind say

April 22, 2013 by Arezu Sarvestani

House Representatives Erik Paulsen (R-Minn.) and Ron Kind (D-Wisc.) are looking for immediate action on the medical device tax.

MassDevice.com coverage of the medical device tax

The House of Representatives' lead medtech tax repeal bill co-sponsors urged immediate action to strike what they called an "onerous policy that is harming the great American success story."

House Reps. Erik Paulsen (R-Minn.) and Ron Kind (D-Wisc.) called for immediate action in finding a viable way to replace the $30 billion the medical device tax is slated to generate over the next 10 years.

"The urgency is real, and it's time to act," the pair said in an op-ed penned for the Minnesota Star Tribune. "The impact of the tax is already being felt through layoffs at device manufacturers around the country."

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Opponents of the medical device tax continue to leverage the momentum gained when the Senate passed a non-binding measure to repeal the 2.3% medical device tax contained in the Affordable Care Act.

Paulsen and Kind called the vote "encouraging" and dubbed a signal of the widespread, bipartisan support in Congress for repealing the medtech tax.