With the 2012 elections just a few months away and the medical device tax making headlines across the nation, MassDevice.com took a look at campaign contributions from medtech makers.
Data from OpenSecrets.org show that several legislators who’ve made a mission of repealing the medtech tax have enjoyed considerable support from medical device companies’ political action committees.
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Sen. Orrin Hatch (R-Utah) leads the pack with some $101,999 in donations, followed by Rep. Fred Upton (R-Mich.) at $92,540, Sen. Scott Brown (R-Mass.) with $74,650 and Rep. Erik Paulsen (R-Minn.), who took in $73,500 from medtech makers.
As for the medical device companies themselves, McKesson (NYSE:MCK) and Amgen (NSDQ:AMGN)were neck-and-neck in total donations, with $637,500 and $637,000, respectively. Abbott (NYSE:ABT) donated $571,750, followed by Johnson & Johnson (NYSE:JNJ) ($424,200) and Cardinal Health (NYSE:CAH) ($214,000):
Republicans received the most donations from the medtech industry, pulling in nearly $2.8 million compared with Democrats’ haul of $2.0 million: