Medical Device Tax: Still a Long Way from Repeal
The Senate passed a largely symbolic measure to strike the medical device tax, but opponents of the tax still face a long road to true repeal.
Opponents of the medical device tax notched an important victory when the Senate voted 79-20 last week to strike the 2.3% levy, but repeal efforts have a long way to go.
"We need to look at where we can replace the revenue from," Sen. Jeanne Shaheen (D-N.H.) told the Wall Street Journal. Shaheen was 1 of 34 Democrats who voted to repeal the tax, which is expected to generate about $30 billion in revenue over 10 years.