Crimson Audit & Review

Content Audit, Review & Consulting for Medical Device Makers

Medical Device Tax Will Remain in Play for Debt Ceiling Negotiations

Posted by crimsonlanguage on 2013/10/16

med-device-map

If you wonder why the medical device tax has emerged as a debt-ceiling-negotiation hot topic, take a quick read of this Washington Post Wonkblog post.

At this point, the best that anyone’s hoping for from the current debt ceiling negotiations is a delay – a temporary increase in borrowing power until after the New Year when all the crazy madness starts all over again.  So, even if the device tax is off the table for now, don’t count it out in the long-term. There is real bi-partisan support (how often do you see Elizabeth Warren and House Republicans aligned?) to repeal this ill-designed tax.

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