Room for Daylight on Medical Device Tax Repeal?
Treasury secretary Jacob Lew gives a sliver of daylight to the medical device tax repeal movement during testimony before a Senate budget panel this week.
Supporters of repealing a 2.3% levy on all U.S. sales of medical devices got a sliver of daylight this week after U.S. treasury secretary Jacob Lew said there might be room to revisit the tax.
"Maybe there's a way of looking at it differently than the way it was designed," Lew told Sen. Kelly Ayotte (R-N.H.) during testimony before the Senate budget committee April 16.
Ayotte asked the treasury chief if President Barack Obama supported repealing the tax, citing a recent bipartisan but symbolic vote in the upper chamber to repeal the tax.