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Economist: Medical Device Tax Would Push 146,000 Jobs Overseas

Fri, 03/15/2013 - 1:46pm
Mass Device

The 2.3% sales tax on U.S. medical device sales would push as many as 146,000 U.S. medtech jobs offshore, conservative economist Diana Furchtgott-Roth tells a Congressional panel.

MassDevice.com coverage of the medical device tax

The medical device tax, a 2.3% levy on all U.S. medtech sales, could push 146,000 jobs overseas, conservative economist Diana Furchtgott-Roth told a U.S. House of Representatives committee this week.

Furchtgott-Roth, a senior fellow at the Manhattan Institute think tank, told the House Energy & Commerce Committee that the medical device tax enacted as part of the Affordable Care Act would "shift production offshore," the Washington Examiner reported.

A 10% production shift would cost up to 64,000 jobs and a 30% shift would cost up to 146,000 jobs, Furchtgott-Roth told the panel, according to the newspaper.

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