Senate Signals Wide Support For $29B Device Tax Repeal

Law360, New York (March 22, 2013, 7:08 PM EDT) -- The Senate on Thursday showed bipartisan support for repealing the Affordable Care Act's $29 billion excise tax on medical devices, voting 79-20 on a nonbinding budget resolution that called for axing the tax.

The vote did not carry the force of legislative action, and Congress would have to vote again on a bill to actually repeal the tax. But the vote signaled major support for repealing the tax, which the device industry has long opposed and which President Obama says is a fair price for the...
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