Erik Paulsen: “Last year, as part of the new health care reform law, a new $20 billion tax on medical devices was put in place. Since…”

“Last year, as part of the new health care reform law, a new $20 billion tax on medical devices was put in place. Since the day this ill-conceived tax was first proposed on medical innovation, I have said it would reduce access to new lifesaving technologies and put American jobs on the line. Yesterday, a study was released that confirms just that. According to the report, this new tax on medical innovation, which goes into effect in January 2013, could cost America as many as 43,000 jobs in just the next several years. Mr. Speaker, there is still time to repeal this tax. There is still time to pass my bill to prevent this job-crushing tax from being implemented and ensuring that we do everything possible to retain these high paying, high-tech manufacturing jobs here in the United States. Made in America innovation of medical devices is an American success story. But if we don't stop this new innovation tax, we could see more jobs go overseas and the decline of one of our leading U.S. industries. ____________________”