action:article | category:NEWS02 | adString:NEWS02 | zoneID:39

Home » News » Business

May 15. 2014 9:40PM

Ayotte measure aims to fight device tax

WASHINGTON — U.S. Sen. Kelly Ayotte, R-N.H., helped introduce an amendment Thursday to repeal the $30 billion medical device tax, an excise tax that took effect last year as part of the health care law.

The measure Ayotte is co-sponsoring was authored by U.S. Sen. Pat Toomey, R-Pa.

New Hampshire is home to about 50 medical device companies employing approximately 3,500 people. Earlier this year, an industry trade group released a survey of its members, finding that the medical device tax has cost the industry 33,000 jobs.

“Repealing the device tax will help ensure that these businesses can continue to innovate and grow, and this amendment is part of my continued effort to stand up for our state’s medical device manufacturers, the people they employ, and the consumers whose lives they help improve,” Ayotte said.


Subscribe to Union Leader newsletters

* indicates required
Newsletters
Email Format

 New Hampshire Events Calendar
    

    SHARE EVENTS FOR PUBLICATION, IT'S FREE!

Upcoming Events

 New Hampshire Business Directory

  

    ADD YOUR BUSINESS TODAY!