WASHINGTON, D.C. – Rep. Jackie Walorski (IN-02) issued the following statement after the House passed legislation providing certainty to individuals, families, charities, and job creators. The Protecting Americans from Tax Hikes (PATH) Act of 2015, would suspend the medical device tax and make the Research and Development (R&D) Credit and Section 179 expensing permanent:
“Today, the House took meaningful steps to give certainty to individuals, families, charities, and job creators by making numerous temporary provisions of the tax code permanent. For instance, the Research and Development Tax Credit has been temporary for decades, leaving Congress to pass 16 short-term extensions of this important credit. This means that for decades, innovators have been left in limbo, uncertain if they should make new investments in the U.S. or somewhere else. Making the R&D credit permanent will give innovative industries the confidence to invest here. Indiana is home to 300 medical device companies, employing over 20,000 people, and stands to benefit greatly from this certainty. I am also happy that we are delaying the damaging medical device tax for two years – this misguided tax will cost jobs and harm patients and I look forward to the day we see it repealed in full. Today also represents an important step toward reforming our broken tax code and I look forward to further progress toward that goal.”
Earlier today, Walorski spoke on the floor in favor of the bill, click here to watch her remarks.
Walorski represents the 2nd Congressional District in Indiana, where she serves as a member of the House Veterans’ Affairs Committee, House Armed Services Committee, and House Committee on Agriculture.