FOR IMMEDIATE RELEASE: December 17^th, 2012

Paulsen Discusses Repeal of Medical Device Tax on Fox and Friends

Tax a “Ticking Time Bomb” for American Jobs and U.S. Leadership in Medical Technology

Watch entire interview HERE. 

“It’s great to have the support of some Democrat Senators as of recent. But, the House passed this bill six months ago, and it’s a ticking time bomb. We have 16 days to stop the devastating tax on some of our best job creators.”

“Only in Washington would you impose a tax on these jobs and think you’re going to save healthcare costs.”

“Here’s what’s going to happen, this is a tax on revenue, it’s not a tax on profit. So you’re going to have fewer startups…and now big companies are going to start laying people off – which they are doing. They are moving jobs overseas. They are curtailing their investments in research and development. It’s not a good message to be sending in a tough economy especially.”

“This not only sends a bad signal for some of our best job creators, it’s also going to make it a lot more difficult for American patients to access these cutting edge technologies.”

“The President has claimed this is going to be a ‘windfall’ for these device companies with some many people coming into the insurance market. That is just a convenient myth. If you look at studies that have been done, and even in Massachusetts that has a similar provision to Obamacare with the individual mandate, there’s been no increase in utilization what so ever.”

“We need to be doing the opposite and stop this tax before it starts on January 1^st.”

Paulsen, a champion of small business and advocate of free enterprise, entrepreneurship, and innovation, currently serves on the House Ways and Means Committee and is co-chair of the Congressional Medical Technology Caucus.

For more information on Rep. Paulsen’s work in Congress visit www.paulsen.house.gov. 

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