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AdvaMed Statement on Medical Device Tax Moratorium
Washington, D.C. – The Advanced Medical Technology Association (AdvaMed) issued the following statement from President and CEO Scott Whitaker as the House Ways and Means Committee released legislation that includes an extension of the moratorium on the medical device tax for an additional 5 years:
“The medical device excise tax is bad health policy and bad economic policy. No one disagrees on these points. We applaud the Committee for including a 5-year extension of the moratorium on the tax in its new extenders package, and we thank congressional medtech champions Rep. Erik Paulsen, Rep. Jackie Walorski, and Chairman Kevin Brady for spearheading this piece of the bill.
“A 5-year moratorium will give companies greater confidence in planning long-term R&D—a component that is critical to maintaining the longevity of the industry and sustaining the innovation ecosystem. Future breakthroughs in patient care are undermined by the threat of the medical device tax.
“If passed by Congress and signed into law, this action will help unleash new life changing technologies, heightened job creation, and economic growth. Most importantly, action by Congress to further delay the reinstatement of this onerous tax will help usher in the next leap forward in patient care.
“We stand ready to work with our congressional champions on both sides of the aisle and in both the House and the Senate to help ensure that this language becomes law.”