A measure to repeal a proposed medical device tax could come up for a vote today on the floor of the U.S. House. Indiana’s orthopedic sector opposes the tax and President Barack Obama is threatening to veto the measure if it reaches his desk. Leaders in the Democrat-controlled U.S. Senate have stated they are not planning to bring the repeal measure up for debate.
The proposed 2.3 percent tax on the manufacturers of most medical equipment is set to begin in January. It is part of federal health care reform.
Bloomington-based Cook Group Inc. has been leading the Indiana effort opposing the tax. Chairman Steve Ferguson has told Inside INdiana Business it could drive innovation and expansion out of the U.S.
But Ferguson does not anticipate any layoffs at the company’s U.S. operations due to the tax.
Source: Inside INdiana Business