WASHINGTON, DC – Today, Republican Congressman Alex Mooney (WV-2) spoke on the floor of the United States House of Representatives in support of H.R. 160, the “Protect Medical Innovation Act of 2015,” also known as the Medical Device Tax repeal.
The Medical Device tax rate is currently at 2.3% on top of the sale of medical devices such as pacemakers, ultrasound machines, prostheses, hearing aids, and insulin pumps.
“This Obamacare tax will continue to weaken the industry’s ability to grow. It will also continue to hinder the development of life saving treatments. Repealing the medical device tax will help sick people by lifting these burdens off our economy; I hope that my colleagues will join me tomorrow in voting for H.R. 160” said Rep. Mooney.
According to a 2013 Advanced Medical Technology Association study, two-thirds of companies surveyed reported that they have had to “slow or halt U.S. job creation as a result of the Medical Device tax.”
Alex X. Mooney represents West Virginia’s second congressional district in the U.S. House of Representatives. He is a member of the Budget and Natural Resources Committees.
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