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Public Statements

My Bill to Repeal Tax on Innovation Gains 225 Co-Sponsors

Statement

By:
Date:
Location: Unknown

For the 35,000 Minnesotans employed in the medical device industry, and the countless others whose daily lives are improved by this innovative sector of our economy, ensuring that America continues to stand out as the leader in creating, developing, and implementing medical devices is one of my top priorities. As of this week, 225 of my colleagues have signed on to support my legislation to repeal the new medical device tax, which was included in the new healthcare law. Medical device companies are already signaling huge job losses because of the new tax, as Stryker recently announced it would lay off 1,000 employees - or 5% of its workforce - because of the new tax.

I am encouraged by the bipartisan support my legislation has garnered, and will continue to be a passionate advocate to keep these high-paying medical device jobs in America.


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