[Congressional Record Volume 161, Number 97 (Wednesday, June 17, 2015)]
[House]
[Page H4447]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
PROTECT MEDICAL INNOVATION ACT OF 2015
(Mrs. BLACKBURN asked and was given permission to address the House
for 1 minute and to revise and extend her remarks.)
Mrs. BLACKBURN. Mr. Speaker, I am rising today in support of H.R.
160, the Protect Medical Innovation Act of 2015. What this will do is
repeal the device tax.
Now, the device tax, the medical device tax, was a misplaced and
disastrous tax that was put in as an ObamaCare mandate. What it will do
is tax the medical device industry and those who utilize those
components.
This is an industry that doesn't need to be taxed. It employs more
than 400,000 workers nationwide and generates $25 billion in payroll.
In my State of Tennessee, there are 10,000 individuals who work in this
industry, and the Manhattan Institute estimates that unless we repeal
this tax and get it off the books now, we will lose 1,000 of those
jobs. That is a 10 percent reduction in a component, a part of the
economy that generates good paying jobs, 40 percent higher than other
manufacturing jobs.
I ask my colleagues to join me. Let's repeal the medical device tax.
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