Obama May Veto Threat To PPACA's Health Device Tax

Law360, New York (June 6, 2012, 8:23 PM EDT) -- The Obama administration threatened Wednesday to veto Republican-led legislation to repeal a medical device tax intended to help pay for health care reform, arguing that the measure would benefit the medical device industry by raising taxes on middle-class and low-income families.

The White House released a statement Wednesday saying that if the president is presented with H.R. 436, which would repeal the medical device excise tax, his senior advisers would recommend that he veto it.

The statement noted that although the Patient Protection and Affordable Care...
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