James Love: “Utah's Merit Medical was planning on spending $1.5 million for salary increases and 401(k) benefits for hourly workers…”

“Utah's Merit Medical was planning on spending $1.5 million for salary increases and 401(k) benefits for hourly workers, but they can't, unless this tax is repealed. Merit Medical is also planning a $60 million R&D facility, but it is now on hold because of the tax. In Utah, with the last suspension, BD increased R&D spending from 6 percent to 6.5 percent in sales. If this tax does not get repealed, the industry is forced to start making payments. Investments will be the tradeoff, and innovation will be stifled. This means less jobs for Americans, a less competitive America in the medical device industry, and, potentially, an increase in the medical cost for our constituents so that this industry can pay for the tax. It is time to make sure that we put money back into the hands of Americans, American businesses, and out of the hands of government.”