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Could medical device tax repeal ride along on bigger bill?

Mass Device

Although it's unlikely that the lame-duck U.S. Congress will approve a repeal of the medical device tax this year, but repeal of the 2.3% medtech tax could ride along if key Senate Democrats go along.

Could medical device tax repeal ride along on bigger bill?

Although it's unlikely that the lame-duck U.S. Congress will approve a repeal of the medical device tax this year, but repeal of the 2.3% medtech tax could ride along if key Senate Democrats go along.

Medical device tax

Opponents of a looming 2.3% tax on all U.S. medical device sales aren't likely to see it repealed this year [1], despite the medtech industry's hopes. But repeal could ride on the coat-tails of a much larger bill, if the levy's opponents can persuade enough Democrats to go along.

The 113th Congress is likely to take up at least 2 major pieces of legislation next year, as the deadline on the $5 trillion "fiscal cliff" approaches. Apart from avoiding a fall off the cliff, Congress could also take a stab at tax reform in 2013.

In this scenario, much depends on the outcome of the November elections in 9 key Senate races:


Source URL (retrieved on 06/19/2013 - 8:35pm): http://www.mdtmag.com/news/2012/10/could-medical-device-tax-repeal-ride-along-bigger-bill?qt-recent_content=0&qt-most_popular=0

Links:
[1] http://www.massdevice.com/blogs/brad-perriello/medical-device-tax-repeal-could-have-shot-with-lame-duck-senate-not-enough-juic