WASHINGTON – Northeast Indiana Congressman Jim Banks (IN-03) voted for the Protect Medical Innovation Act, which would permanently repeal the medical device tax:
Banks said “With this vote, we are one step closer to repealing this tax once and for all. Arguably, no one has been hurt more by the medical device tax than hard-working Hoosiers in northeast Indiana – especially Warsaw.
Banks claimed “The medical device tax has cost thousands of American jobs, stifled innovation and slowed economic growth. Without a full and permanent repeal, we won’t be able to recover the jobs lost and Americans will continue to be denied access to potentially life-saving products.”
The legislation passed the House 283 to 132 and now heads to the Senate.