On the recordJuly 24, 2019
Mr. Speaker, I rise today to speak against the medical device tax. Utah has earned a reputation as a thriving hub for innovation in life sciences, leading the Nation in technology breakthroughs. Each year, medical device manufacturers in Utah pioneer new, exciting medical technologies that help patients live longer and more productive lives. Unfortunately, the culture of collaboration and innovation has been threatened by the medical device tax, a tax on device manufacturers that has stalled medical technology investment across the country. Although Congress has come together on a bipartisan basis time and time again to delay its implementation, the continuous threat of heavy, onerous taxation has stifled job growth among medical technology innovators and has delayed cutting-edge research that could potentially lead to breakthroughs in patient care and treatment. As it stands today, this tax will come into effect January 1, 2020. The impact would be devastating in Utah, where the med tech industry employs thousands of Utahns and contributes approximately $5 billion to the local economy. One local company estimated the tax would cost them over $7 million, money that would otherwise be reinvested into workforce and technology development. As we approach this January deadline, I call upon my colleagues to come together and finally repeal the tax on innovation once and for all. Our Relationship with Israel





