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Repeal of Device Tax included in Budget
WASHINGTON, D.C. – JC Scott, senior executive vice president of the Advanced Medical Technology Association (AdvaMed), issued the following statement today following House and Senate committee passage of the budget which includes the repeal of the medical device tax:
“AdvaMed commends the House and Senate Budget Committees for creating room in the budget resolution for repeal of the medical device tax. The tax is a drag on a high-technology, research-based manufacturing sector that provides life-saving, life-enhancing treatments and cures. Every cent paid toward this onerous tax is one that would be better spent on research and development, hiring and capital expansion.
“We applaud the inclusion of this important issue in the budget and encourage the House and Senate to continue prioritizing repeal of this tax on innovation by maintaining the Deficit Neutral Reserve Fund language included in the Senate budget. We appreciate the leadership of the bipartisan group of House and Senate Members including Orrin Hatch (R-UT), Amy Klobuchar (D-MN), Pat Toomey (R-PA), Bob Casey (D-PA), Erik Paulsen (R-MN), Ron Kind (D-WI) and many others who continue to champion repeal of this harmful tax.”
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