Is it fair to say that major Government programs cannot be considered sustainable if they are growing faster than nominal GDP indefinitely?
Pat Toomey
The Public Record
Patrick Toomey is a former United States Senator from Pennsylvania, serving from 2011 to 2022. A member of the Republican Party, Toomey was known for his focus on fiscal conservatism, economic growth, and limited government. During his tenure, he served on several Senate committees, including the Banking, Housing, and Urban Affairs Committee, where he was involved in financial regulation and economic policy discussions.
The Association supports the 'Dignified Interment of Our Veterans Act' (S. 695), sponsored by Sen. Patrick Toomey (Penn.) that requires the VA to report to Congress on issues relating to the interring of veterans' unclaimed remains.
Isn't Congress right to be concerned that recent mission creep at these international organizations is resulting in regulatory decisions that do not have the input of their elected representatives?
Congress must act this year to repeal this egregious tax which is stifling innovation not only in Minnesota's Medical Alley but across the entire industry nationwide.
We thank the 14 Members of Congress and both Senators from the Pennsylvania delegation for co-sponsoring legislation that would repeal this tax and put job growth back on track in Pennsylvania.
This tax, instead of creating meaningful tax revenues as was its original purpose, has had the unintended consequence of dissuading institutional investment and discouraging entrepreneurship in a vital industry already under significant…
I want to thank you, Senator Stabenow, for your cooperation in joining us in this hearing. I am going to put you down as someone who is in favor of the Affordable Care Act, if I could.
Senator Stabenow raised, I think, a completely valid and important technical question about how this tax interacts with other taxes.
I want to mention how grateful I am for her leadership on healthcare issues in general.
This tax on sales is going to threaten America's global leadership in this space.
It is my strong belief that Congress should act swiftly to repeal this excise tax to keep health care costs low for American patients, protect innovation, and protect American businesses.
I applaud the Senate Finance Committee for hosting a hearing on the impact of the Medical Device Tax on patients, innovation and jobs.
My question is, is it your view that this additional layer of tax that we impose on your industry, on top of the highest corporate income tax rate in the world, does that discourage the attraction of capital by this industry? Does that…
I want to thank Colorado Senators Michael Bennet and Cory Gardner, who have expressed support for the repeal.
I respectfully ask that the Senate take up and pass S. 149, the Medical Device Access and Innovation Protection Act, authored by Senators Hatch and Klobuchar.
Not only do patients end up paying more, their options are more limited, and they have to wait longer for new devices.
Excise tax is one of the most egregious taxes ever dreamed up by any form of government.
I want to move from this hearing, Mr. Chairman--and I would mention the ranking member also because this is a bipartisan effort.
The Medical Device Tax is the proverbial straw that is breaking the backs of the medical device industry by dissuading innovation.
I want to thank the members of the Committee who are here and the witnesses.
My strong preference would be to have a full and permanent and complete repeal of the medical device tax.
We have to be globally competitive in our corporate tax rates, and this does not help us at all.





