Medical device tax hindering innovation and job creation

Winston Churchill famously said that a nation trying to tax itself into prosperity “is like a man standing in a bucket and trying to lift himself up by the handle.”

Unfortunately, one of Indiana’s most vibrant, growing industries is currently stuck in this position because of a small provision tucked away in the 2,000-page Obamacare law. The 2.3 percent excise tax on total sales of medical devices imposed by this law is hindering Hoosier innovation and job creation.

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