U.S.Congressman Rick Allen (R-Ga.-12) today applauded passage of H.R. 160, the Protect Medical Innovation Act, which eliminates ObamaCare’s 2.3% excise tax on the sale of medical devices. Allen is an original cosponsor of the legislation, which was passed with a bipartisan vote of 280-140, and released the following statement:
“As the fight continues for full repeal of ObamaCare, the medical device tax is an area of this law both sides of the aisle agree needs to go. It destroys jobs and holds back innovation of technology that helps patients and can even save lives. America leads the world in medical device innovation. We should be supporting growth in this industry that provides good-paying jobs and lifesaving products such as ventilators and pacemakers, not hitting it with unnecessary tax burdens. Repealing the medical device tax will provide relief for job creators and eliminate one more area of this law holding back our economy and hurting patients’ access to care.”
More than 8,000 medical device firms throughout the United States employ more than 400,000 Americans nationwide. Since taking effect in 2013, the medical device tax has cost more than 33,000 jobs and is expected to eliminate thousands more.