The U.S. House of Representatives voted 283-132 this week to repeal the 2.3% tax levied upon medical devices as part of the Affordable Care Act.
The medical device tax, which has long been decried by the industry as a measure that squashes innovation and kills jobs, has been on hold since 2014. The tax’s moratorium was extended earlier this year but the tax was set to go back into effect in 2020.
Fifty-seven Democrats joined 226 Republicans in supporting Rep. Erik Paulsen’s (R-Minn.) bill, sending it to the Senate for consideration. The Trump administration reportedly supports getting rid of the tax – advisers have encouraged the president to sign the bill into law if he gets the chance, according to The Washington Examiner.
