Washington, D.C. – Congressman Jim Banks (IN-03) today released the following statement after voting for the Protect Medical Innovation Act, which would permanently repeal the medical device tax:
“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, the orthopedic capital of the world where many medical instruments are manufactured.
“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. I urge my Senate colleagues to send this legislation to President Trump’s desk without further delay.”
The legislation passed the House 283 to 132. It now heads to the Senate for consideration. Congressman Banks spoke in support of the bill earlier today during debate. Click here to view his remarks.
