Device tax repeal prospects decline for now

A device tax repeal is increasingly unlikely to become part of a final bill to raise the debt limit and reopen the government. But Albuquerque Business First reports that a number of groups opposed a repeal anyway and are working hard to make their case. While device companies and their trade groups such as AdvaMed have pushed hard for the repeal, other organizations including Americans for Tax Fairness, Families USA and labor unions have been equally pushing Congress to avoid repealing the tax. More than 100 organizations signed a letter to Congress that makes their case, according to the story. The main arguments: The tax is modest, it will help support the healthcare reform law and many device companies will benefit from reform over time. Story