Device companies soldier on against device tax even as change window closes

With one day left before the 2.3% device tax kicks in Jan. 1, device companies are renewing their call of alarm that the measure places about 43,000 jobs nationally at risk, The Associated Press reports. As MassMEDIC President Thomas Sommer told the AP recently, the nature of the cutbacks in both areas will become clear in the coming weeks. "Until it really goes into effect, we are not going to know where the reductions in other areas are going to come," he told the news service. As the AP notes, the tax is designed to raise more than $20 billion over a decade to help pay for the new health care reform law. The industry has warned for months that the tax could lead to massive job cuts and curtail investments in innovation. And while many in Congress on both sides of the aisle have come out in support of either repealing or delaying implementation of the tax, the sector's intense lobbying against the measure doesn't appear to have made much of a difference. Story | Special Report