[Congressional Record (Bound Edition), Volume 161 (2015), Part 14]
[House]
[Page 19200]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1215
                           MEDICAL DEVICE TAX

  (Ms. STEFANIK asked and was given permission to address the House for 
1 minute.)
  Ms. STEFANIK. Mr. Speaker, I rise today to continue to lead the fight 
to repeal the medical device tax. This is a tax on revenue rather than 
profit. It leads to some of the highest corporate tax rates in the 
world and creates undue harm to an industry that not only creates jobs, 
but also improves our health and well-being.
  A company located in my district, NuMed, employs over 80 people and 
produces stents and other vascular equipment. The medical device tax 
prevents NuMed from increasing their budget on research and development 
by 15 percent.
  AngioDynamics, another company in my district, employs 950 people and 
creates more than 100 different medical devices, including the AngioVac 
System used to treat blood clots. Recently, one of their executives 
said, ``The $1 million that AngioDynamics pays in Federal excise taxes 
on medical device company revenues could instead be used to employ 
another 10 to 15 people.''
  We must repeal this burdensome tax to help create jobs and improve 
patient outcomes.

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