Analysis challenges argument in favor of repealing the medical device tax
An analysis from the Congressional Research Service challenges a common talking point among legislators that the medical device tax destroys jobs and encourages manufacturers to operate oversees, according to The New York Times.
The effects on jobs, research and company profits are “relatively modest,” according to the report. As a result of the tax, it estimates, 47 to 1,200 workers could lose their jobs, which is one-hundredth to two-tenths of 1 percent of jobs in the industry, according to the article.
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