President Donald J. Trump signed H.R. 1865, a bipartisan year-end spending package, into law on December 20, 2019.
H.R. 1865, which was passed by the U.S. House of Representatives and the U.S. Senate last week, includes a full repeal of the medical device tax—a 2.3% tax on a range of medical devices and products that previous research has shown to have minimal benefits for doctors, patients and manufacturers.
“This is a great day for American patients, American jobs and American innovation: The medical device tax is officially history. With the end of this burdensome tax, the U.S. medtech industry can do what it does better than anyone else in the world: develop life-changing innovations that save and improve patients’ lives, and create high-paying, high-tech jobs to keep the American economy booming,” Scott Whitaker, president and CEO of the Advanced medical Technology Association, said in a press release. “We thank President Trump and his administration for their strong support of medical innovation and for their leadership as we worked with Congress to repeal this onerous tax.”