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Medical device tax: Repeal efforts double down on tax reform

Wed, 11/07/2012 - 3:37pm
Mass Device

The re-election of President Barack Obama doesn't bode well for opponents of the 2.3% medical device tax created by the Affordable Care Act.

MassDevice.com coverage of the medical device tax

Efforts to repeal the medical device tax took a harsh blow last night when incumbent President Barack Obama beat out challenger Mitt Romney to reclaim his seat in the White House.

Some medical device industry stakeholders had hoped that a change in leadership and the subsequent repeal of the President Barack Obama's landmark healthcare reform measures would bring down the 2.3% medical devices sales tax contained in the Affordable Care Act.

With President Obama at the helm for another 4 years, device makers may need to resort to 'Plan B' to repeal the tax, which means talking tax reform rather than healthcare reform.

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