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Thousands More Medtech Jobs At Risk If Tax Restarts, Think Tank Says

 
• By David Filmore

The center-right American Action Forum says whether the US Congress elects to permanently repeal the device excise take or let tax collection restart in 2018 will have stark implications for medtech jobs.

If Congress repeals the 2.3% excise tax on device sales before the levy is scheduled to reactivate in 2018, the medtech industry will be on a path to regain the approximately 28,000 net jobs that data suggests were lost in the sector between 2013 and 2015 by about the year 2021, according to projections by the American Action Forum, a Washington, DC-based think tank.

But if tax collection is allowed to restart, an additional 25,000 jobs could be lost during a similar period, says the AAF, which identifies as a center-right organization, politically. The...

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