Washington, D.C. – The Medical Imaging & Technology Alliance (MITA), the Advanced Medical Technology Association (AdvaMed) and the Medical Device Manufacturers Association (MDMA) today announced that medical device manufacturers have now paid an estimated $1 billion to the Internal Revenue Service for the medical device excise tax. In reaching this threshold, the device tax has denied device manufacturers the resources that would have otherwise been available to invest in research and development (R&D), capital investments and to support good-paying jobs across America.Continue reading
Tag Archives: Medical Device Tax
Congressman Ron Barber of Arizona Champions Innovation and Challenges the Medical Device Excise Tax
Rep. Barber Speaks about Tax Reform and Growing Small Businesses.
Congressman Barber’s questions focused on how specific taxes can create roadblocks for medical device manufacturers using SynCardia Systems, Inc. and the Medical Device excise tax as a great example of how our tax code can stifle creativity and innovation . Continue reading
The Medical Device Tax: Repeal it for the sake of innovators and patients
As industry leaders we all need to stay in the loop on key issues that affect our industry and our state. One of those issues is the 2.3% Medical Device Tax. When we were out in DC last April, AZBio leadership met with all of our Congressional teams to share information on how this tax impacts our industry and our state . In addition to sharing with them what is happening here in Arizona, we asked them if they would keep us “in the loop” on what is happening at our nation’s capitol.
On Thursday, June 7, 2012 we got some important news from Capitol Hill.
Read on for a special “In the Loop” guest post by Congressman Paul Gosar, R-AZContinue reading
AdvaMed explains the need for Medical Device Tax Repeal and Potential Job Impact