Flashpoint: Congress should act now to permanently repeal the medical device excise tax | Flashpoint | tribstar.com
By Eric J. Holcomb
Indiana Governor
There’s a cloud of uncertainty hanging over one of Indiana’s most important employment sectors — the medical device industry. A sales tax on medical devices that has been suspended since 2016 will resume in 2018 unless Congress takes action to repeal it by the end of this year.
At a time when technical advancement in the life sciences is at an all-time high, this medical device sales tax threatens to stifle medical advancements, stop new investment and prevent future job growth. Furthermore, the Obamacare system the tax was designed to support is crumbling under its own weight. For all those reasons, it’s time for Congress to permanently repeal the medical device tax...
By Eric J. Holcomb
Indiana Governor
There’s a cloud of uncertainty hanging over one of Indiana’s most important employment sectors — the medical device industry. A sales tax on medical devices that has been suspended since 2016 will resume in 2018 unless Congress takes action to repeal it by the end of this year.
At a time when technical advancement in the life sciences is at an all-time high, this medical device sales tax threatens to stifle medical advancements, stop new investment and prevent future job growth. Furthermore, the Obamacare system the tax was designed to support is crumbling under its own weight. For all those reasons, it’s time for Congress to permanently repeal the medical device tax...