Medtech leaders hit Capitol Hill to push for device tax repeal

11/15/2012 |

A group of 50 top industry executives will descend today on Capitol Hill to inform lawmakers about the 2.3% medical device tax's devastating effect on jobs and persuade them to repeal the levy during the lame duck session, AdvaMed's David Nexon said. "[T]this excise tax will raise our industry’s federal tax liability by an amount equal to a whopping 29 percent of our current income tax payments," Nexon said, referencing an AdvaMed report released Wednesday about the cost of the device tax.

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