The medical device tax is the only ACA tax that was a leading candidate for the "skinny repeal" bill (though its fate was uncertain last night for unrelated reasons — CBO gave an unexpectedly high cost to a repeal of the employer mandate). Eliminating that tax would redirect $20 billion over a decade from the Treasury back to medical device companies.
So, why is the medical device tax a contender? It helps that the industry has friends on both sides of the aisle, Bob Herman notes. Many Democratic members in the Senate and House who support repealing the medical device tax have received political donations from the medical device industry and represent states where many device companies are headquartered — like California, Indiana, Massachusetts, and Minnesota.
Political contributions: These Democratic lawmakers have received these donations since 2012 from the medical device industry:
Sen. Amy Klobuchar of Minnesota: $194,000Sen. Al Franken of Minnesota: $104,000Rep. Scott Peters of California: $78,000Sen. Ed Markey of Massachusetts: $66,000Sen. Joe Donnelly of Indiana: $65,000Some of the big companies in their states:
Minnesota: Medtronic, St. Jude Medical (now part of Abbott), 3MCalifornia: Edwards Lifesciences, Masimo, Varian Medical SystemsMassachusetts: Boston Scientific, GEIndiana: Zimmer Biomet, Cook Medical