Device Tax: House Ways & Means Considers Arguments for Repeal
Medical device tax repeal advocates return to the House Ways & Means Committee to jump-start a new effort to take down the Obamacare levy.
Opponents of the medical device tax returned this week to the House Ways & Means Committee this week to decry the 2.3% medical device tax imposed by the Affordable Care Act.
In opening remarks for today's hearing, Rep. Charles Boustany (R-La.) called the device tax "particularly destructive," blaming the levy for workforce cuts and delays in new product development.
Boustany appeared to agree with previous comments made by medical device makers, putting repeal of the medical device tax in the context of a larger tax reform measure. He put other healthcare reform taxes in the same boat, with their best chance of repeal tied to comprehensive corporate tax reforms.