Members of the medical device industry continue to staunchly advocate for the device tax's repeal and have explored several avenues to achieve their goal in the process, according to JD Supra.
Here are five things to know:
1. In controlling the House, Senate and Presidency, Republicans like their chances to permanently repeal the tax in the near future.
2. Device manufacturers have spent roughly $158 million on lobbying in Washington since 2012, according to OpenSecrets.org.
3. AdvaMed hopes to work with tax repeal supporters Reps. Eric Paulsen (R-Minn.) and Ron Kind (D-Wis.) and Sens. Orrin Hatch (R-Utah) and Amy Klobuchar (D-Minn.) to permanently abolish the tax, according to MassDevice.
4. The medical device industry is expected to continue spending millions of dollars lobbying to repeal the tax with or without the AHCA bill, according to the JD Supra report.
5. The 2.3 percent excise tax is schedule to go back into effect on Jan. 1, 2018.
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