A latest attempt to repeal the medical device tax with an amendment to the small business tax falls short in the Senate; Sen. Scott Brown stumps on the floor of the upper house for repeal.
An effort to insert an amendment repealing the medical device tax into a Democrat-backed bill that would extend tax cuts to small business, fell short in the Senate Thursday, as GOP leaders stepped up efforts to sink the 2.3% levy ahead of its January 2013 implementation.
The amendment to S.2237, or the "Small Business Jobs & Tax Relief Act," sponsored by Sen. Orrin Hatch (R-Utah), did not survive as members of the upper house voted to end debate. GOP lawmakers later prevailed in blocking a vote on the entire bill.
Hatch currently has 29 co-sponsors to a separate med-tech tax bill, S.17: Medical Device Access & Innovation Protection Act, which would repeal the tax outright.