Ayotte co-sponsors bill to repeal tax
The Medical Device Access and Innovation Protection Act, introduced by Sen. Orrin Hatch, R-Utah, would repeal the provision, under which medical devices have a 2.3 percent excise tax.
New Hampshire is home to about 50 medical device companies employing approximately 3,800 people, according to Ayotte's office.
Manchester-based Coreflex and Keene-based Smiths Medical are among the companies that are affected by the tax.
"If not repealed, it will ultimately force companies like us to cut research and development dollars, pass costs on to consumers, or even consider reducing our work force," said Paul Lorenzetti, CEO of Corflex.
Subscribe for FREE!
Union Leader Business Newsletter
Granite Grok - Steve MacDonald: Anti-libertarian Dem. Cynthia Chase turns attention to home education
Rindge inmate sues Cheshire County jail
North Conway teen is missing
Driver was trying to kill himself
NH reps eyeing budget deal
Decision to tap F&G habitat fund explained
Big tipper stops for lunch
Keene to appeal Robin Hood rulings