Jim Banks: “This is a historic day. We have finally found a tax that Members and my friends on both sides of the aisle agree needs…”

“This is a historic day. We have finally found a tax that Members and my friends on both sides of the aisle agree needs to be cut. I am proud to be a cosponsor of today's legislation, and I am excited that many of my colleagues on the other side of the aisle as well are prepared to get rid of this destructive tax that was put in place by ObamaCare. {time} 1645 But while we are at it, while we are repealing ObamaCare taxes, we should include an equally destructive tax in today's repeal: the medical device tax. I am very proud to serve the residents of Warsaw in northeast Indiana, the region that is often referred to as the orthopedic capital of the world. Unfortunately, companies in my district and all across this country have been needlessly hampered by the inability of this Congress to fully and permanently repeal the onerous medical device tax. When it was enforced, this tax destroyed 29,000 jobs and caused a $34 million reduction in investments in lifesaving research and development. So today, while we are here voting on this bipartisan legislation to repeal the Cadillac tax, I ask that all Members of this body be equally mindful in moving swiftly to also repeal the medical device tax. Ms. DelBENE. Madam Speaker, I yield 1\1/2\ minutes to the gentleman from Illinois (Mr. Danny K. Davis).”