Calls for repeal of onerous medical device tax in Affordable Care Act
WASHINGTON, D.C. – In an effort to save Hoosier jobs, Congresswoman Jackie Walorski (IN-02) today became an original co-sponsor of the Protect Medical Innovation Act (H.R. 523). This bill will eliminate the 2.3 percent tax on the sale of medical devices, which went into effect on January 1, 2013 as part of the President’s Affordable Care Act.
“Indiana is a global leader in medical device innovation, creating thousands of good-paying Hoosier jobs for Second District families, especially in Kosciusko County and the Michiana area,” said Walorski. “The enforcement of this onerous tax is simply counterproductive. It severely hinders the advancement of medical device companies and must be repealed to prevent further damage to our economy.”
Medical device manufacturers provide approximately 20,000 jobs in Indiana, with over 50,000 additional jobs directly related to the medical technology industry. Some Indiana companies have already warned patients of increasing prices, putting upcoming projects on hold due to the medical device tax. Similar legislation already passed the House in July 2012 with overwhelming bipartisan support, but stalled in the Senate and was never signed into law.
Walorski also announced her support for the Healthcare Tax Relief and Mandate Repeal Act, repealing the individual and employer health insurance mandates in the President’s Affordable Care Act. According to the Congressional Budget Office, the individual mandate will increase taxes on American families over the next decade by an estimated $55 billion, with an additional $117 billion in taxes on businesses from the employer mandate.
Bipartisan lawmakers sign letter to President Obama
WASHINGTON, D.C. – As part of a bipartisan effort to create more jobs, Congresswoman Jackie Walorski (IN-02) signed a letter to the President urging swift approval of the Keystone XL Pipeline.
“We have the opportunity to create thousands of good-paying jobs for American workers, stimulating our economy and contributing to our nation’s movement toward energy security,” said Walorski. “I urge the President to heed our bipartisan recommendation to approve the pipeline and put people back to work.”
Congresswoman Walorski joined a robust group of lawmakers in the House of Representatives requesting immediate action from the Administration to approve the shovel-ready project, echoing a similar message submitted from the Senate last week.
Since the original permit for the pipeline was denied last year, the proposal has been modified to re-route through Nebraska to avoid the Sand Hills, previously cited as an area of concern by the Administration. This measure was recently approved by Nebraska Governor Dave Heineman after thorough investigations from the Nebraska’s Department of Environmental Quality to ensure minimal environmental impact.