On Thursday, House Republicans OK’d the repeal of another provision from the president’s health-care law.
Rep. Erik Paulsen, R-Minn., sponsored the bill to repeal a 2.3 percent increase in taxes on medical-device makers. Paulsen says the tax would be devastating to a thriving industry, saddling manufacturers with $29 billion in new taxes over the next decade. He also estimates that some 43,000 jobs could be lost as a result of the additional tax burden.
Critics of the repeal claim the tax should not be a concern because the infusion of newly insured patients will create a demand that should more than compensate for any negative impact of the tax increase.
Paulsen tells us why he believes that logic is incorrect and what he expects the Senate to do once the bill passes the House.