Home Public AffairsPolicy Repealing the Medical Device Tax: Saving American Jobs

Repealing the Medical Device Tax: Saving American Jobs

by michaelpolzella

New Commerce Department data shows the negative impact of the medical device tax. The American medtech industry saw jobs fall by nearly 29,000 while the tax was in effect: From 2012-2015, jobs declined 7.2% — from 401,472 to 372,638.

These numbers underscore the urgent need for its permanent repeal. The suspension of the tax has allowed medtech companies to reinvest resources into new hiring, R&D and capital improvements, spurring innovation that benefits patients and the economy.

Bipartisan majorities in the House and Senate are on record supporting permanent repeal. We need to move forward now.

Scott Whitaker, President and CEO, AdvaMed

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