News In Brief
This article was originally published in The Gray Sheet
Senate symbolically votes to repeal device tax. Sequester will take about 5 percent from device user fees. More news in brief.
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Rep. Eric Paulsen, R-Minn., made a bid to repeal the medical device tax at the start of the new session in a bill that would be retroactive to the 2013 tax year and has attracted 253 cosponsors, including 26 Democrats.
In the upcoming 2014 Senate election, medtech firms spending the most campaign dollars are backing Senators who would vote to repeal the device excise tax, Republican incumbents, and friends to the industry running tight races. Story and detailed data infographic on key races and campaign contributions.
The deal, which sets total FY 2014 discretionary spending at $1.012 trillion, leaves specific appropriations up to congressional committees and frees up user fees from sequestration for two years, both positive developments for FDA’s financial health. Device groups also tout a non-binding provision to repeal the device tax.