MINNEAPOLIS (WCCO) — A tax on pacemakers and other medical devices made in Minnesota may be going away.
Since January there’s been a 2.3 percent tax on medical device sales with the revenues earmarked to help pay for the new national health care reform law.
But there’s been strong opposition from Minnesota manufacturers and the state’s congressional delegation.
“A lot of companies have had to choose between laying off employees and paying the new excise tax. And it’s a tax on sales, not on profit … so that’s why it’s been so harmful,” Republican Rep. Erik Paulsen said.Comments