 | Last night, Reps. John Kline (MN-02), Michele Bachmann (MN-06), Erik Paulsen (MN-03) and Chip Cravaack (MN-08) sent a letter to IRS Commissioner Doug Shulman voicing their concerns about the $20 billion medical device tax included in the new healthcare law. In January, Rep. Paulsen introduced the “Protect Medical Innovation Act” which would repeal the job-crushing medical device tax. Reps. Kline, Bachmann and Cravaack are among the bill’s 110 co-sponsors. Minnesota is home to over 400 medical device companies employing 35,000 people. |
“The planned $20 billion excise tax on medical device manufacturers will lead to higher prices for devices and increased health care premiums. We also believe the tax will force medical device companies to reduce US employment and research and development expenditures,” said the letter. “We encourage you to look toward established industry sources to better understand the practicalities of the medical device market. As you work through this process, we need to learn more about your approach to these issues to ensure that the regulations do not exacerbate the impact on jobs and competitiveness resulting from the excise tax on medical devices.”
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Contact: Becky Rogness 202-225-2331
MN Letter to IRS Commissioner Re Medical Device Tax in PDF FORMAT
H.R.436 -- Protect Medical Innovation Act of 2011 in PDF FORMAT
TEXT and IMAGE CREDIT: Congresswoman Michele Bachmann, Proudly Serving the 6th District of Minnesota. # Washington Office 107 Cannon HOB Washington, DC 20515 Phone: (202) 225-2331 Fax: (202) 225-6475.
1 comment:
I know how to fix social security just lift the $98,000 dollar cap and let every American pay on all their earnings like the middle class does I have never not paid in to it. This way all the millionaires & sports players and everyone will help out the less fortunate.
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