Legal News

Democrats Join Republicans to Smother Obama’s Medical Device Tax
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

On Thursday, at least three dozen Democrats joined the Republicans in the House of Representatives to kill Obama’s 2.3 percent tax on medical devices, and several other parts of Obamacare. Though the move may find stiff resistance in the Democrat-led Senate, it’s certainly food for thought. The House repealed the provisions in a 270-146 majority.

However, the Obama administration has declared that it is going to veto the move, saying that the medical device industry would benefit from the added tax and from Obamacare as a whole.

Leading Democrats opined that the manufacturers are aware that Obamacare would benefit them and that is why they did not oppose the tax in 2010. However, now that the future of Obamacare is uncertain in the hands of the judicial activists of the U.S. Supreme Court, the industry has moved to make sure that the tax is killed beforehand.


Democrat Representative Jim McDermott said, “This is a PR stunt for the election. The Repulicans are helping the device industry back out of a deal they made.”

Republicans, on the other hand, placed the medical industry-funded studies that showed the new medical device tax would lead to loss of jobs and that the device makers had been lobbying for repealing the tax.

Republican Dave Camp said, “This tax will increase the effective tax rate for many medical technology companies, threatening higher costs, job loss and reduced investment here at home.”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!

The bill is certain to be blocked in the Senate, and even if it manages to pass the administration has already threatened to veto it.

Ipsita Smolinski, who works in Capitol Street and watches investors, said that healthcare investors are following the movements of the bill with keen interest, “Not because they think the bill can pass the Senate, but because they are keeping a running list of provisions that could be repealed if the healthcare reform law is slowly dismantled post-election.”

The new House bill also repealed the part of Obamacare that aims to prevent consumers buying over-the-counter products with funds from special health savings accounts.



Associate Attorney


DTC based firm is looking to add an additional associate to join our growing practice. The associate...

Apply now

Associate Attorney


Gillmore & Wilson: Attorneys at Law Job-type: Full-time Title: Associate Attorney Gillmore ...

Apply now

Estate Administration / Probate Paralegal


I am looking for a part-time paralegal or legal assistant who is experienced, adept and proficient w...

Apply now

Civil Litigation Attorney


Insurance Defense Firm seeks an associate attorney with 4+ years experience to join our Sacramento-b...

Apply now




Search Now

Senior Wealth Management Group Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks Senior Wealth Management Group Associate Attorney with 9 years ...

Apply Now

Bankruptcy Associate Attorney

USA-CA-Los Angeles

Los Angeles office of a BCG Attorney Search top ranked law firm seeks Bankruptcy Associate Attorney ...

Apply Now

Tax Attorney


Miami office of our client seeks Tax Attorney with 2 years of experience. The candidate should be li...

Apply Now

Most Popular


To Top