Medical device tax: President Obama finally open to change, Sen. Republicans say
President Barack Obama is willing to consider modifying the 2.3% medical device tax, Republican Senators report after meeting with the White House.
Efforts to repeal the medical device tax have gained unprecedented ground, with Senate Republicans emerging from a White House meeting saying that President Barack Obama is willing to consider changes to the levy.
President Obama ceded that the levy, a 2.3% excise tax on U.S. sales, is "not part of the core program" of the Affordable Care Act, long-time device tax repeal advocate Sen. Orrin Hatch (R-Utah) told reporters today. The president will consider changes to the medical device tax after federal budget negotiations have met with a resolution, meeting members added.