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Medtech asks Congress to repeal device tax

7/18/2011 05:18 PM EDT
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re: Medtech asks Congress to repeal device tax
Joseph.Mator   7/19/2011 1:36:28 PM
We talk about wanting to keep manufacturing jobs in the U.S. So what do we do? Single out the one area that does just that for an excise tax. There are many high-margin businesses including many that export jobs overseas and many that exacerbate the health care cost problem such as fast food, junk food, TV, etc. Why not tax them to help pay for the damage they do? Medical device mfg. reinvests a huge chunk of that profit in R&D to save lives and keep America competitive. We have already had layoffs as a result of this poorly thought-out legislation.

Code Monkey
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re: Medtech asks Congress to repeal device tax
Code Monkey   7/18/2011 10:22:22 PM
A 2.3% tax on a very high margin product is a hardship. Seriously? I can understand AdvaMed doing their job, but who's going to believe their hyperbole?

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