Trump approves legislation repealing medical device tax

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.”

 

References:

 

www.congress.gov/bill/116th-congress/house-bill/1865

 

www.advamed.org/newsroom/press-releases/president-trump%E2%80%99s-signature-%E2%80%9Cmedical-device-tax-officially-history%E2%80%9D

 

www.pacificresearch.org/new-pri-study-congress-has-some-unfinished-business-acting-to-repeal-the-medical-device-tax/

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.”

 

References:

 

www.congress.gov/bill/116th-congress/house-bill/1865

 

www.advamed.org/newsroom/press-releases/president-trump%E2%80%99s-signature-%E2%80%9Cmedical-device-tax-officially-history%E2%80%9D

 

www.pacificresearch.org/new-pri-study-congress-has-some-unfinished-business-acting-to-repeal-the-medical-device-tax/

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