Article preview from "The Gray Sheet"- June 4, 2012
Legislation to repeal the impending medical device excise tax will be sent to a vote on the House floor, raising the profile of the tax as a congressional election issue even as major impediments to repeal remain in the Senate. Meanwhile, the Supreme Court health care reform ruling looms.
Article preview from "The Gray Sheet"- June 4, 2012
Legislation to repeal the 2.3% medical device excise tax before it takes effect in January is headed to a likely positive vote on the House floor following committee action May 31.
While the repeal effort continues to face major impediments in the Senate, the House action may help build some momentum and raise the profile of the device tax as an election issue for ongoing congressional campaigns.
On the other hand, depending on how the Supreme Court rules on challenges to the 2010 Affordable Care Act in the coming weeks, the legislative efforts may serve little purpose. If the high court rules the law void in its entirety, the device tax would be eliminated.
The House Ways and Means Committee approved the “Protect Medical Innovation Act,” introduced in 2011 by Rep. Erik Paulsen, R-Minn., on a mostly party-line vote (23-11), but with several Democrats supporting the measure aimed at repealing the device tax.
House Majority Leader Eric Cantor has announced plans to bring the bill up for a floor vote as early as the week of June 4, with broad support from House Republicans.
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