As his first initiative of the 115th Congress, Congressman Erik Paulsen (MN-03) has introduced legislation that would permanently repeal the medical device tax. The Protect Medical Innovation Act repeals the 2.3 percent excise tax included in President Obama’s health care law that applies to the sale of medical device products.
Similar legislation was introduced by Congressman Paulsen in previous sessions of Congress. In the 114th Congress, a two-year suspension of the medical device tax passed in both the House and the Senate with bipartisan support and was signed by the President. The Protect Medical Innovation Act was introduced with broad bipartisan support and 221 cosponsors. See the press release here.
