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Device Companies Seek Repeal Of Tax Provision

Tue, 03/30/2010 - 6:00am

The chairman of the Massachusetts Medical Device Industry Council said it is trying to line up meetings with members of the Massachusetts congressional delegation to discuss the tax, which industry officials say will cut jobs and force firms to move operations overseas.

The 2.3 percent tax contained in a reconciliation bill is expected to be passed by Congress and sent to President Obama next week, although it wouldn’t take effect until January 1, 2013. The tax, which is expected to raise about $20 billion through the first 10 years of the new health-care program, is drawing widespread criticism, especially in medical device hotbed areas like Massachusetts.

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