Washington, D.C. —Congressman Jim Banks released the following statement after voting for the Protect Medical Innovation Act, which would permanently repeal the medical device tax: “With this vote, we are one step closer to repealing this tax once and for all. Arguably, no one has been hurt more … Read More
INDIANA — The Indiana Medical Device Manufacturers Council commends lawmakers on suspending the job-killing medical device excise tax for two years. This action by Congress was part of the continuing resolution to end the government shutdown. “The IMDMC applauds the Indiana delegation and congressional leadership for their hard … Read More
WARSAW — Following the House passing The Protecting Americans From Tax Hikes Act of 2015, many are celebrating what they will believe of huge benefit to those in the medical device industry. The act, titled PATH for short, will suspend the medical device tax and make the Research … Read More
Yesterday, the US House of Representatives passed the “Protect Medical Innovation Act of 2015”, which repeals the 2.3 percent tax on medical device sales. The tax, which took effect in 2013, was designed to support the president’s Affordable Care Act. Though ACA has provided medical coverage for some … Read More
Congresswoman Jackie Walorski (IN-02) issued the following statement after the House passed legislation to repeal the Medical Device Tax. H.R. 160, the Protect Medical Innovation Act of 2015, which Walorski is an original co-sponsor, repeals the 2.3 percent tax on device sales, a significant funding mechanism for the … Read More
Yesterday Senator Dan Coats (R-Ind.), a member of the Senate Finance Committee, participated in a Finance Subcommittee on Health hearing entitled, “A Fresh Look at the Impact of the Medical Device Tax on Jobs, Innovation, and Patients.” The hearing examined how the 2.3 percent medical device excise tax … Read More
By KARA BROOKS Office of Governor Mike Pence In a letter sent today to Speaker John Boehner and Majority Leader Mitch McConnell, Governor Mike Pence encourages Congress to take on reforming the corporate tax code and repealing the medical device tax. In 2014, Governor Pence signed into law … Read More
Yesterday two Indiana senators announced their support for bipartisan legislation reintroduced that would repeal the medical device tax. U.S. Senator Joe Donnelly, along with fellow Hoosier representative, Senator Dan Coats (R-Ind.), joined U.S. Senators Orrin Hatch (R-UT) and Amy Klobuchar (D-MN) and seven other senators from both parties … Read More
Senator Dan Coats (R-Ind.), the senior Senate Republican on the Joint Economic Committee, today issued the following statement regarding a recent report issued by the Department of the Treasury’s Inspector General for Tax Administration detailing numerous issues that the Internal Revenue Service is having with the collection and … Read More
Acting on a request from State Representative Terri J. Austin (D-Anderson), Indiana lawmakers are set to spend part of this interim examining ways the state can assist and partner in the continued growth and success of Indiana’s medical device industry, which employs more than 20,000 Hoosiers and generates … Read More
Governor Mike Pence today sent a letter to President Obama asking him to work with Congress toward repealing the 2.3 percent excise tax on medical devices that was originally passed as part of the Affordable Care Act. Since it went into effect on Jan. 1, 2013, the tax … Read More
One year after the medical device tax, as part of the Affordable Care Act went into effect, the financial impact on the medtech industry is not as bad as industry lobbyists feared, but it is still concerning to the industry. According to a recently analysis completed by MassDevice.com, … Read More
