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"If not repealed, it will ultimately force companies like us to cut research and development dollars, pass costs on to consumers, or even consider reducing our work force,"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
John Stossel: Budget baloney
Bad Joe: Levasseur stalls again
House says no to bill to reduce NH meals tax
Obamacare's new trick: Only temporary relief