Erik Paulsen: “I thank the gentleman. I remember being in Indiana and also having a chance to talk to Cook Medical. A great success…”

“I thank the gentleman. I remember being in Indiana and also having a chance to talk to Cook Medical. A great success story, without a doubt. It's located right there in the heartland. I do remember, though, their concerns of the looming tax that was on its way. They were pretty clear that, Look, we've got the opportunity to build new factories, new innovative headquarter operations. We're not going to do it in the United States with this tax facing us right now. We're going to expand elsewhere. Unfortunately, we've heard tonight how other companies in some districts have moved to Costa Rica. So we are literally sending high- quality jobs offshore--jobs that should be here in the United States. I remember touring Sunshine Heart in Eden Prairie, my hometown in Minnesota. I met with the CEO there. This is a very small and early- stage med-tech company. And many other med-tech companies that are small and in the early stage would be in the exact same category. He was pretty clear. The CEO said, The device tax has put all of our hiring on hold. So now Sunshine Heart officials have got to sit back and determine exactly how much it's going to affect their cash flow. It's all about cash flow as they try to achieve that profitability. Mr. Speaker, we've got someone else who's joined us tonight who's a member of the Energy and Commerce Committee, which is a very important committee. It has oversight over the FDA.…”