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Thursday, February 14, 2013

Ayotte on right side of medical device tax

Letter to the Editor

I’d like to thank U.S. Sen. Kelly Ayotte for co-sponsoring bipartisan legislation to repeal the medical device excise tax.

The Medical Device Access and Innovation Protection Act would repeal the nearly $30 billion medical device tax, a new tax that took effect Jan. 1 under which lifesaving medical devices are subject to a 2.3 percent excise tax. ...

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I’d like to thank U.S. Sen. Kelly Ayotte for co-sponsoring bipartisan legislation to repeal the medical device excise tax.

The Medical Device Access and Innovation Protection Act would repeal the nearly $30 billion medical device tax, a new tax that took effect Jan. 1 under which lifesaving medical devices are subject to a 2.3 percent excise tax.

New Hampshire is home to roughly 50 medical device companies that employ approximately 3,800 people throughout our state. Smiths Medical in Keene is one such company, and we have been directly impacted by the onerous tax.

Repealing the medical device excise tax is about improving patient care, and investing more in innovation and jobs. Sadly, the medical device tax already has cost the United States thousands of jobs.

Bipartisan action to repeal this tax is required now before any more irreparable damage is done to a proud American success story.

Quinton Farrar

Vice president

Global Operations Technology

Smiths Medical

Keene