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.
Sign up to get our free newsletters delivered straight to your inbox
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:
