(Washington, D.C.) – Congressman Larry Bucshon, M.D. (IN-08) released the following statement in support of the Protect Medical Innovation Act, (H.R. 184) to repeal the medical device tax:
“As a physician, I understand the vital importance the medical device industry plays in healthcare, and I routinely used innovative medical devices in the operating room to help save the lives of my patients. Indiana has a robust medical device industry with more than one hundred businesses employing 20,000 Hoosiers in high-paying jobs. When implemented in 2013, the job killing medical device tax caused companies in Indiana to halt investments in innovation and expansion, and ultimately to hire fewer employees.
“Congress should not continue giving temporary relief from the medical device tax, but rather, fully repeal this jobs-killing tax and give much-needed certainty to this home-grown, innovative industry. Once the medical device tax is repealed, medical device manufacturers will be able to make long-term investments in expanded research and development, leading to new, innovative, and life-saving devices. Advancements in healthcare and good-paying jobs in the United States depend on this industry, and so I strongly urge my Senate colleagues to send this important bill to President Trump’s desk to be signed into law without delay.”
The medical device tax was in effect from 2013 through 2015.
The Consolidated Appropriations Act of 2016 temporarily suspended the tax for 2016 and 2017.
The Making Further Appropriations for the Fiscal Year ending September 30,2018 extended the suspension for another two years, 2018 and 2019.