Rep. Paulsen Re-Introduces Bill To Repeal Device Tax
The Minnesota congressman is taking another stab at chopping off the 2.3 medical device excise tax as part of the wider Obamacare repeal actions anticipated for the new Congress.
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AdvaMed and MDMA, two rivaling lobby groups, have again come together against a common enemy: the Obamacare medical device excise tax. The groups simultaneously released survey results that argue that permanently repealing the tax would be a boon for their member companies and innovation.
Congressional health committees will spend time in 2017 focusing on oversight of agencies' implementation of the 21st Century Cures Act and the Medicare Authorization and CHIP Reauthorization Act, as well as five-year reauthorization of the medical device and prescription drug user fee acts.
Congress passed a two-year moratorium on the 2.3% device excise tax as part of a tax-extenders package, Dec. 18, and President Obama was expected to sign it. The legislation also includes a permanent extension of the research & development tax credit.