You’re just a couple of years late on this one, boys:
U.S. Sen. Bob Casey and 16 other Senate Democrats want the medical device tax – included in the 2010 healthcare reform law that they supported – postponed.
The 2.3 percent excise tax that devicemakers must pay on their gross sales goes into effect on Jan. 1. It’s one of the new revenues used to offset the cost of the healthcare law. The Internal Revenue Service issued Wednesday its final rules on the tax, which will impact profits on items such as high-tech burn treatments, catheters, back braces and in-home HIV tests.
Casey signed a letter to Senate Majority Leader Harry Reid this week asking that he support delaying implementation of the tax. Casey supports fully repealing it.
Fun fact: The GOP-led House of Representatives has already voted to kill the tax, but Majority Leader Harry Reid has refused to allow its consideration in the Senate.