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Taxpayer Watch

October 27, 2011 J,

New Medical Device Taxes Raise Concerns
Indiana Public Media

Members of the Indiana congressional delegation held a forum in Indianapolis Monday to hear testimony on the issue. Beginning in 2013, an excise tax of a little more than 2 percent will be placed on the sale of medical devices in the United States.

The tax is expected to bring in more than $20 billion in revenue to help pay for the Affordable Care Act. But medical device manufacturers say the new tax is a significant economic burden. Dane Miller is on the board of directors at Biomet, a company based out of Warsaw, Indiana. He says the tax will limit innovation and expansion in the United States.

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