Weekly Policy Update: Full Repeal of the Medical Device Tax Advocacy
By: Colorado BioScience Association Date: 07/20/2018
This has been another week with persistent advocacy for full repeal of the Medical device tax in standalone legislation. A permanent repeal of the medical device excise tax remains a top priority for CBSA and Colorado’s medtech innovators. While we are appreciative of temporary relief through the two- year suspension as part of the Continuing Resolution to fund the federal government, that abatement is set to expire on December 31, 2019.
CBSA advocates for the support of H.R. 184 – Protect Medical Innovation Act of 2017 which would permanently repeal the medical device excise tax. We can expect a House vote on this legislation as early as Tuesday, July 24th. It is critical that Congress hears from you.Please contact your Members of Congress and encourage their YES vote on H.R. 184 to repeal the device tax. For more details and to take action CLICK HERE. When contacting your member of Congress, be sure to thank our members who have signed on to co-sponsor including Congressman Buck, Congressman Coffman, Congressman Tipton, and Congressman Lamborn.
Please also join CBSA, AdvaMed, and key Members of Congress, on a “Twitter Rally” on Tuesday, July 24th from 12:00pm – 1:00pm MST. Be sure to follow and tweet using the hashtag, #RepealDeviceTax! You’ll see our Twitter light up at that time.
Thank you for your action, advocating, engagement and support. It is crucial that we continue to urge for a full repeal of the tax to provide long term stability and certainty for our sector; ultimately supporting our companies, the industry, jobs and new innovations for patients.