WASHINGTON,D.C. –The medical device tax, if implemented, could cost tens of thousands of jobs, almost double the industry’s total taxes, raise the effective tax rate to among the highest in the world, and harm U.S. competiveness, according to a study released today by the Advanced Medical Technology Association (AdvaMed). The new study, “Employment Effects of the New Excise Tax on the Medical Device Industry,” by Manhattan Institute senior fellow Diana Furchtgott-Roth and Hudson Institute senior fellow Harold Furchtgott-Roth, outlines a number of economic harms likely to result from the tax.Continue reading
Category Archives: Advocacy and Regulations
Tips on Writing Powerful Public Comment Letters Regarding Proposed Regulations
By: Michael T. Hull – Managing Director, InVent Life Sciences mhull@inventls.com (Former Regional Advocate for the U.S. SBA Office of Advocacy)
The federal government proposes and finalizes approximately 4,000 new rules every year. In general approximately 800-1,000 will directly affect small business. A 2008 study by the U.S. Small Business Administration’s Office of Advocacy estimated that the cost of complying with federal rules and regulations exceeds $1.75 trillion per year with small businesses spending approximately 36% more per employee than their large business counterparts.Continue reading
AZBio shares information on Medicare Part D
as sent to members of the Arizona Congressional Delegation
August 9, 2011
Changes to Medicare Part D – Please Don’t “Fix” a System That Is Working
We have a lot of things that need fixing at the moment as the financial burden our country bears comes under further review and adjustments. Many of our systems are broken, but some are working. Medicare Part D is one system that works.Continue reading