INFOGRAPHIC: The Medical Device Tax Threatens High-Paying Jobs
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A new 2.3% tax on medical devices is set to hit one of America’s most innovative industries in January. According to an Ernst & Young study, companies that make devices like MRIs, pacemakers, joint replacements, etc. will fork over $2.5 billion in new taxes in 2013. This will reduce research and development of new products and stop them from hiring more workers. This tax should be repealed.
This infographic from AdvaMed illustrates how this tax harm American medical technology companies and their workers.