Device tax threatens U.S. job growth, medtech innovation

Recent reports on U.S. medical device firms planning to cut jobs and move their operations overseas are examples of how the 2.3% medical device excise tax is already taking its toll on job growth and medtech innovation, writes Stephen Ferguson, board chairman at Cook Group. If the tax is not repealed, "we are certain to see our foreign competitors move into our markets forcing further U.S. device manufacturing job cuts," he notes.

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