[Congressional Record (Bound Edition), Volume 161 (2015), Part 7]
[House]
[Pages 9865-9866]
[From the U.S. Government Publishing Office, www.gpo.gov]




                    REPEALING THE MEDICAL DEVICE TAX

  (Mr. LANCE asked and was given permission to address the House for 1 
minute.)
  Mr. LANCE. Mr. Speaker, I rise today in strong support of repealing 
the medical device tax, a burdensome tax on medical devices that 
increases costs, stifles investment, slows the race for cures, and 
ultimately makes health care more expensive for patients.
  The tax has resulted in less spending on research and development, 
escalating costs on the newest technologies, a reduction in capital 
investments, and, ultimately, is a factor in the loss of jobs in our 
Nation's vital life science sector, which is critical to keeping the 
United States a leader in the world and is crucial to my home State of 
New Jersey.
  One of the major newspapers in our area editorialized recently in 
support of our efforts, the Easton Express-Times, pointing out that the 
medical device tax is having a depressing effect on a sector of the 
economy that until recently was doing well. Some are looking to 
relocate overseas.
  I thank my close friend, Congressman Erik Paulsen of Minnesota, and 
the Ways and Means Committee for sponsoring this legislation. I urge 
the House to pass repeal of the medical device tax and work with our 
Senate colleagues to send this measure to the President.

[[Page 9866]]



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