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    Breaking News

    AdvaMed Praises Device Tax Repeal Legislation

    The Protect Medical Innovation Act was introduced in the House to permanently repeal the currently suspended levy.

    AdvaMed Praises Device Tax Repeal Legislation
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    • AdvaMed’s Whitaker Urges Congressional Action on MDUFA
    • The Tax that Wouldn’t Die
    AdvaMed01.03.17
    Scott Whitaker, president and CEO of the Advanced Medical Technology Association (AdvaMed), issued the following statement on introduction of bipartisan legislation in the U.S. House to permanently repeal the medical device excise tax.
     
    “Introduction of the Protect Medical Innovation Act is a key milestone in finally repealing this onerous tax once and for all. As one of the first bills to be introduced in the House in the new session, this sends a strong signal that repeal is a high priority for the incoming Congress.”
     
    “AdvaMed commends the bill’s co-sponsors Reps. Erik Paulsen (R-Minn.) and Ron Kind (D-Wis.) for their leadership on this issue. The strong bipartisan support they have gathered behind their bill makes it clear that a majority of members recognize the urgency to permanently repeal this anti-job, anti-innovation, and anti-patient tax.”
     
    “As we predicted, the temporary suspension of the tax has led medical technology companies to reinvest funds that would have gone to the tax into new R&D, infrastructure improvements, and new hiring. With the suspension set to expire in 2017, for these benefits to continue for the long term, companies need the certainty of permanent repeal to support future job growth and sustainable R&D investment. This will help ensure a strong pipeline of continued medical innovation for patients worldwide.”
     
    “We look forward to working with members in the House and Senate, the new administration and other stakeholders to move forward on permanent repeal of this tax.”
     
    Related Searches
    • excise tax
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    Related Breaking News

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      AdvaMed president issues statement in support of new legislation.
      Advanced Medical Technology Association 05.18.17

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      AdvaMed Unveils Frameworks for Assessing Value of MedTech and Diagnostics

      Association collaborates with Deloitte to spark dialogue among all healthcare stakeholders.
      Advanced Medical Technology Association 05.16.17

    • Hospitals Looking to Medtech for Stronger Alliances

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      MassMEDIC hosts industry experts, execs at annual conference.
      MassMEDIC 05.04.17


    • AdvaMed’s Whitaker Urges Congressional Action on MDUFA

      AdvaMed’s Whitaker Urges Congressional Action on MDUFA

      Stresses the need for Congress to move forward with agreement between FDA and industry.
      Advanced Medical Technology Association 04.04.17

    • The Tax that Wouldn’t Die

      The Tax that Wouldn’t Die

      ...
      Sean Fenske, Editor 04.03.17

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