On the recordJune 7, 2012
House Resolution 679 provides for consideration of H.R. 436, a bill to repeal the 2.3 percent excise tax on medical devices enacted as part of the President's health care law. It also provides for a structured rule for consideration of H.R. 5882, the Legislative Branch Appropriations Act. The legislative branch appropriations rule is typically the only structured rule in the appropriations process, and we are continuing that bipartisan tradition here today. We are voting here today to stand up for more than 423,000 American employees and the health of millions that their work protects. A new $29 billion tax on medical devices, passed as part of the President's health care package, threatens to stifle innovation in the health care industry. If medical device manufacturers are punished with this new tax, we are all punished. Our health is punished. Our parents' health is punished. Our kids' health is punished. Yesterday, I talked with one of my constituents, Dan Denson, who owns a medical device company in Summerville, South Carolina. He shared two concrete examples of how this new tax will hurt his company, the health care industry, and most importantly, it will hurt those in need of medical care. For Dan's home health company the profit margin is about 10 percent. That profit is used to pay their employees, improve technology, and expand when it's needed.…





