Congressman Jim Sensenbrenner (R-WI) today voted to repeal the job-killing tax on medical devices. This is a 2.3 percent tax on the sale of all medical devices in the U.S., which was designed to help pay for the president’s health care law.
“Obamacare is a giant discouragement to our job creators and we need to repeal it entirely. Today, I voted to repeal this Obamacare tax because it threatens life-saving innovations and Wisconsin jobs. GE Healthcare employs around 6,500 Wisconsinites—many of which are in my district in Waukesha. These are good-paying jobs that bring top-notch talent to our state. Obamacare is threatening to tax these jobs right out of America and out of Wisconsin.”
“The medical device tax will have the deadly effect of discouraging research and development. One has to ask, how many life-saving medical devices won’t be discovered as a result of this tax on innovation?”
The House repealed the medical device tax as part of H.R. 436, the Health Care Cost Reduction Act. The legislation also includes a section to repeal a provision in the president's health care law that prohibited the nearly 50 million Americans who use flexible savings accounts and health savings accounts to use these funds to purchase over-the-counter medications.