House Bill Would End $29B Medical Device Excise Tax

Law360, New York (February 6, 2013, 6:50 PM EST) -- Two members of the U.S. House of Representatives introduced a bill Wednesday to repeal the Affordable Care Act's $29 billion excise tax on medical devices, saying the tax would hurt job growth in the industry and announcing that companion legislation would be introduced in the U.S. Senate.

Reps. Erik Paulsen, R-Minn., and Ron Kind, D-Wis., introduced the legislation, HR 523, with 175 original co-sponsors, including 20 Democrats. Companion legislation will be introduced in the Senate by Sens. Orrin Hatch, R-Utah, and Amy Klobuchar, D-Minn., the two...
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