Summary: To amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices. Cosponsors
ANGIE CRAIG’S POSITION: Representative Craig cosponsored the bill on 4/10/19.
STATUS: Introduced 4/10/19 by Rep. Kind, Ron [D-WI-3].
ORGANIZATIONS IN SUPPORT OF THE BILL:
- Medical devices and new technologies improve the lives and health of millions of Americans every year. Given that this tax applies to revenues – not profits – it is extremely punitive to medical technology innovators. It’s time we permanently repeal this outdated tax on innovation, and support jobs and well-being across the country,” said Rep. Ron Kind. (Source: Ron Kind, Press Release)