Weekly Policy Update: Medical Device Tax Advocacy and the CACI Legislative Candidate Interviews
By: Colorado BioScience Association Date: 07/13/2018
CBSA continues to advocate for a full repeal of the Medical device tax in standalone legislation. A permanent repeal of the tax remains a top priority for CBSA and Colorado’s medtech innovators. While we are appreciative for temporary relief through the two-suspension as part of the Continuing Resolution to fund the federal government, the suspension is set to expire on December 31, 2019.
CBSA and our partners continue to advocate 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.
We thank our elected officials who are supporting and joining as a cosponsor on full repeal legislation, H.R. 184 – Protect Medical Innovation Act of 2017. The bill has 271 co-sponsors, including 43 Democrats, and could go to the House floor for a vote as soon as this month. Thank you to our members who have signed on to co-sponsor including Congressman Buck, Congressman Coffman, Congressman Tipton, and Congressman Lamborn.
Our national industry partner AdvaMed has engaged in ad campaigns, social media, and tv spots to urge members of Congress to “Support Americans’ health. Support innovation. Repeal the medical device tax now.” To view the recently aired television ad click here.
Join CBSA, AdvaMed, key Members of Congress, and AdvaMed Member Companies, on a “Twitter Rally” on Tuesday, July 24th from 12:00pm – 1:00pm EST. Be sure to follow and tweet using the hashtag, #RepealDeviceTax! You’ll see our Twitter light up at that time.
To learn more about repealing medical device excise tax, view AdvaMed’s infographic.
CBSA had the opportunity this week to participate in the CACI Legislative Candidate Interviews. This is a great forum for CBSA to learn from the local candidates, hear their priorities, ask questions and identify opportunities to build champions and offer education on the value of our industry as candidates are elected. We look forward to joining CACI next week for the continuation of these interviews and representing the priorities of our community as the session nears.