Medical device tax: Congressional duo launches tax reform tour
Medtech groups laud Sen. Max Baucus (D-Mont.) and Rep. Dave Camp (R-Mich.) for their U.S. tax reform tour, which the industry hopes may become a vehicle for repealing the 2.3% medical device tax.
Medical device industry lobbying groups rallied behind Sen. Max Baucus (D-Mont.) and Rep. Dave Camp (R-Mich.) as the Congressional duo embarked on a nation-wide tax reform tour, a possible boon to efforts to repeal the medical device tax.
Baucus, who is chairman of the Senate Finance Committee, and Camp, chairman of the House Ways & Means Committee, launched the tour this week with a stop in Minnesota, where they visited the Maplewood headquarters of 3M Co. (NYSE:MMM).
The bipartisan pair showed up in matching outfits, with navy-blue blazers over blue dress shirts and gray slacks, according to some reports. The duo also has a joint "Max & Dave" Twitter account, @simplertaxes, with more than 50 tweets since May 8.