Tax on medical devices back after 2-year hiatus
BOSTON — While much of corporate America will enjoy a tax cut in the new year, a 2.3 percent excise tax on medical device manufacturers went back into effect Monday after a two-year break. It was originally imposed in 2013 as one of several taxes and fees in the Affordable Care Act that pay for expanded health insurance under the law.
The tax was strongly opposed by the $150 billion-a-year industry that produces everything from catheters to heart stents to artificial joints. In Congress, it was unpopular not only with Republicans but many Democrats from states like Massachusetts and Minnesota with large numbers of medical device companies.
Congress voted to suspend the tax for 2016 and 2017 with the widespread expectation it would be permanently abolished before 2018. But various GOP efforts to repeal the Affordable Care Act and the taxes associated with it failed, and the sweeping federal tax overhaul recently signed by President Donald Trump didn’t eliminate the medical device tax either. shoulder of the highway around 11 p.m. and plunged into the wash, crashing about 200 feet from the highway.
Authorities identified the girl killed as Summer Pinzon from Azusa, California. She was traveling with her mother, who was taken to a hospital after the crash. will advocate for legislation combatting workplace harassment.
Time’s Up also has asked women to wear black at Sunday’s Golden Globes ceremony in solidarity with those who have been sexually harassed.
The organization’s website is www.timesupnow.com.