WCCO EYE4 LOGO WCCO Radio

Latest News

Medical Device Tax May Be Scrapped

View Comments
(credit: CBS)

(credit: CBS)

(credit: CBS)

Reporting Steve Murphy

Featured Gallery
May Is Asthma Awareness Month: Celebrities With Asthma

For more trusted health

news and information,

visit CBS Minnesota's

Today's Most Popular Video
Stay Safe During Dog Bite Prevention Week Lawmakers React To Final Day Of Legislature Start Seeing Women Motorcyclists, Amelia Tests Her Skills Have Some Fun With Edible Plants In Your Garden Good Question: Reply All: The Oklahoma Tornado

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.

Democratic Senator Amy Klobuchar, who helped push passage of an amendment to repeal the tax, notes that 30,000 Minnesotans work in the medical device industry.

“We have over 400 companies — big ones like Medtronic and St Jude Medical — but we also have smaller ones,” Klobuchar said.

A separate senate bill will be needed for a repeal to take effect, but the strong bipartisan support increases the likelihood the tax will be cut.

View Comments
blog comments powered by Disqus
Listen Live!

Mobile Weather Watcher

Follow CBS Minnesota

Like us on foursquare
wccoradio podcastbanner3 WCCO Radio

Meet WCCO-TV’s Anchors

Amelia Santaniello Frank Vascellaro Chris Shaffer Mark Rosen

TV Schedule

Full Program Grid
7:00 PM NCIS: Los Angeles
8:00 PM NCIS
9:00 PM NCIS
10:00 PM WCCO 4 News at Ten
10:35 PM Late Show with David Letterman
11:37 PM The Late Late Show with Craig Ferguson