[Congressional Record (Bound Edition), Volume 157 (2011), Part 9]
[House]
[Page 13108]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       TAX ON MEDICAL INNOVATION

  The SPEAKER pro tempore. The Chair recognizes the gentleman from 
Minnesota (Mr. Paulsen) for 5 minutes.
  Mr. PAULSEN. Mr. Speaker, last year, as part of the new health care 
reform law, a new $20 billion tax on medical devices was put in place. 
Since the day this ill-conceived tax was first proposed on medical 
innovation, I have said it would reduce access to new lifesaving 
technologies and put American jobs on the line. Yesterday, a study was 
released that confirms just that. According to the report, this new tax 
on medical innovation, which goes into effect in January 2013, could 
cost America as many as 43,000 jobs in just the next several years.
  Mr. Speaker, there is still time to repeal this tax. There is still 
time to pass my bill to prevent this job-crushing tax from being 
implemented and ensuring that we do everything possible to retain these 
high paying, high-tech manufacturing jobs here in the United States.
  Made in America innovation of medical devices is an American success 
story. But if we don't stop this new innovation tax, we could see more 
jobs go overseas and the decline of one of our leading U.S. industries.

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