Device tax repeal up for House vote today as White House threatens veto

This just in: The White House is threatening a veto of the Republican bill barreling through the U.S. House right now that would repeal the 2.3% medical device tax. That's not stopping the bills supporters, The Associated Press reports, as Republican leaders have scheduled a vote for today. Observers widely expect the bill to pass the House easily. But the Democrat-controlled Senate will likely prevent a similar measure from coming to vote, so the veto threat is kind of ironic anyway. More than 700 trade groups and companies--led by AdvaMed, the Medical Device Manufacturers Association and others--have wrote House leaders asking them to support repealing the tax, according to the story, which is slated to begin in January. Story

Suggested Articles

Spinal Elements, maker of a wide range of implants and products for minimally invasive spine procedures, has filed a $100 million IPO.

United Airlines will begin providing COVID-19 screening tests for passengers, allowing those who test negative to skip local quarantine requirements.

Babson Diagnostics has closed its series A funding round with a total of $13.7 million and named a new CEO.