Normally if you want less of something, put a tax on it. Such is the idea behind a carbon tax or a tax on tobacco. So why are we putting a tax on medical devices come January?Device makers descend on Capitol Hill to fight medtech taxhttps://www.massdevice.com/news/device-makers-descend-capito...Medical device executives will descend on Capitol Hill today to press members of Congress to address the 2.3% medical device tax before it takes effect in January....“Without action from Congress, implementation of the medical device tax will cost our economy thousands of high paying jobs,” MITA executive director Gail Rodriguez said in prepared remarks. “These job losses will directly impact patient access to the most advanced, life-saving medical technologies available.”....The letter includes support from physician groups, venture capital firms and other organizations asking the Senate to repeal the 2.3% levy on medical device sales, which device makers will start paying in at the start of next year.DB2
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