If one were to believe the device lobby, jobs would come roaring back once the device tax is permanently repealed. The reality is more complex.
On Monday, the House Ways & Means Committee controlled by the Republican party put out its version of an Obamacare “repeal and replace” bill whose details will be hotly contested and resisted by the party in opposition.
However, one provision of the bill already has bipartisan support — killing the 2.3 percent excise tax on the sale of medical devices that the industry has long fought. That bipartisan support from the likes of Elizabeth Warren (D-Massachusetts) and Al Franken (D-Minnesota), two progressive Democrats, was partly why the device tax collection was temporarily paused.
