Klobuchar optimistic Congress will dump tax on medical devices

Author:
Updated:
Original:

U.S. Sen. Amy Klobuchar, D-Minn., says she’s hopeful the Senate will overturn the 2.3 percent federal tax on medical devices that started in January.

Minnesota Public Radio reports Klobuchar told a conference of medical device makers she’s confident the measure will be attached to a tax bill that President Barack Obama will not veto.

"That will be a major vehicle for us to include the repeal of the medical device tax or at least some major reduction," said Klobuchar, according to MPR.

Hundreds of Minnesota companies, including Medtronic, St. Jude Medical and Boston Scientific, are subject to the tax expected to raise $2 billion to $3 billion annually to help fund the federal health care overhaul.

Critics failed to drop the tax last year, but Klobuchar says support for repealing it has grown.

U.S. Rep. Erik Paulsen, R-Minn., has also drafted similar legislation in the House to abolish the tax on medical devices.

Next Up

Related