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Paulsen Introduces Legislation Repealing the Medical Device Tax

January 3, 2017 Washington, D.C. – As his first initiative of the 115th Congress, Congressman Erik Paulsen (MN 03) has introduced legislation that would permanently repeal the burdensome medical device tax. The Protect Medical Innovation Act repeals the 2.3 percent

Paulsen Introduces Legislation Repealing the Medical Device Tax

January 3, 2017 Washington,

D.C.

– As his first initiative of the 115th Congress, Congressman Erik Paulsen

(MN-03) has introduced legislation that would permanently repeal the burdensome

medical device tax. The Protect

Medical Innovation Act repeals the 2.3 percent excise tax included

in President Obama’s health care law that applies to the sale of medical device

products. 

Similar

legislation was introduced by Congressman Paulsen in previous sessions of

Congress. In the 114th Congress, a two-year suspension of the medical device

tax passed in both the House and the Senate with bipartisan support and was

signed by the President. The Protect

Medical Innovation Act was introduced with broad bipartisan

support and 221 cosponsors. 

“One

of the best ways to protect American manufacturing, spur innovation, and make

sure the latest and best medical technology is affordable for patients is to

repeal this burdensome tax,” Paulsen said. “We are already seeing new American

jobs and increased investment in research and development as a result of the temporary

suspension of this tax. With over 200 cosponsors at the start of this new

session, and with overwhelming bipartisan support in the past, permanent repeal

should be a top priority for Congress.” 

Advocacy

groups and stakeholders praised the reintroduction of the Protect Medical Innovation Act

“The early introduction of

device tax repeal legislation sends a strong signal that this issue is a

high priority for the incoming Congress. A bipartisan majority in

the House recognizes that this anti-job, anti-innovation and anti-patient

tax needs to be permanently repealed now,” said JC Scott, Senior

Executive Vice President, Government Affairs at Advamed. “The current suspension of

the tax has allowed medical technology companies to reinvest funds

into new R&D, restart delayed projects, build infrastructure

and support new hiring. The sooner this onerous tax is gone for good, the

sooner these benefits can be made permanent. That’s crucial for patients and

for continued medical innovation.” 

“In

order for medical technology innovators to develop the new cures and therapies

of tomorrow, we need smart policies in place today,” said Paul

LaViolette, Executive Chairman of CardioFocus and Chairman of the

Medical Device Manufacturers Association. “Permanently repealing the medical device tax is a major

boost to accomplish our mission, and Congressman Paulsen has been a tremendous

leader in making sure innovation thrives in the 21st century.” 

“We

appreciate the leadership of Congressmen Paulsen and Kind on this bipartisan issue

and for their longtime support in championing economic growth, job creation and

patient care through investment in the medical technology industry,” said Joe Robinson,

chairman of MITA Board of Directors and Senior Vice President of Health Systems

Solutions at Philips Healthcare. “Full

repeal of the medical device tax is the only way to remove a significant

barrier to medical progress once and for all, thereby allowing the next

generation of life-saving, breakthrough technologies to become a reality.”  

Congressman

Paulsen, a champion of small business and advocate of free enterprise,

entrepreneurship, and innovation, serves on the House Ways and Means Committee,

the bicameral Joint Economic Committee, and is co-chair of the Congressional

Medical Technology Caucus. 

For more

information on Congressman Paulsen’s work in Congress visit paulsen.house.gov.  

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