House Majority Leader Eric Cantor said last week that repeal of the medical device excise tax should be on the table in “fiscal cliff” negotiations ongoing to avert massive across-the-board federal budget cuts and broad-scale expirations of tax breaks from taking effect at the start of next year. Speaking on Fox News Nov. 26, the Virginia Republican argued that the Affordable Care Act, as a whole should be up for reconsideration with the goal of reducing the deficit. But he specifically cited the device tax, which was enacted in the ACA, as a provision that should receive attention.
“There are taxes on the medical device industry that cause people to lose access perhaps to certain kinds of treatments, that will actually provide a lot of harm to job...
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