xfdpr BROWN-NEW-OBAMACARE-TAX sked
April 09, 2012
DURING VISITS TO 3 MASS. MED DEVICE FIRMS, SEN. BROWN HEARS
ABOUT IMPACT OF NEW OBAMACARE TAX
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For Immediate Release
During Visits To 3 Mass. Med Device Firms, Sen. Brown Hears About
Impact Of New Obamacare Tax
Apr 09 2012
Washington, DC - Today, U.S. Senator Scott Brown (R-MA) visited three
medical device manufacturers in Massachusetts to discuss the impact of
a new federal tax set to go in effect in 2013. Under Obamacare, a new
2.3% excise tax will be imposed on revenues made by medical device
manufacturers an industry that employs nearly 25,000 people in
Senator Brown toured Belmont Instrument in Billerica, Haemonetics in
Braintree, and Siemens Diagnostics in Walpole.
"The medical device industry is vital to Massachusetts and we have to
stop this new tax before it risks wiping out thousands of good paying
jobs and takes millions of dollars out of our local economies," said
Senator Brown. "These companies are on the cutting edge of medical
device manufacturing and their products save lives every day. This new
tax will kill jobs and take away revenue needed for research and
During the tours and meetings, Senator Brown and the companies
discussed the negative impact of the new medical device tax and how it
could eliminate an estimated 2,600 jobs in Massachusetts, and dampen
future industry growth.
Senator Brown updated employees on his legislation to repeal the
medical device tax (S. 262) before it takes effect next year.