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As President Finalizes His Speech, Medtech Sector Urges Device Tax Repeal
WASHINGTON, D.C. - The Advanced Medical Technology Association (AdvaMed) issued the following statement from President and CEO Scott Whitaker regarding President Donald Trump's upcoming address before a joint session of Congress:
“As the president outlines his plans to spur American job creation, we urge him to do one simple thing that will guarantee the growth of good-paying jobs in the U.S. – urge repeal of the medical device excise tax.
“The medical technology industry is a uniquely American success story, responsible for nearly two million high-tech, high-pay jobs in communities large and small in every state.
“But the industry's potential for continued job creation and its ability to develop the next generation of life-changing advancements for patients is under threat by the continued existence of the medical device excise tax. While the current suspension of the tax is helpful, companies need the certainty of permanent repeal in order to invest long-term in R&D, capital improvements and hiring.
“The president and Congress need to do the right thing and permanently repeal this onerous tax.”