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Medical-device tax repeal wins bipartisan support
Proposed federal legislation to repeal the medical-device tax has resurfaced with bipartisan support in both chambers of Congress. Republicans have signaled that repealing the 2.3% excise tax, a source of funding for the Patient Protection and Affordable Care Act, is a top priority now that they control both the House and the Senate. Sen. Orrin Hatch, the new chairman of the powerful Senate Finance Committee, Tuesday introduced a repeal bill in the Senate. Other sponsors include Democratic Sens. Al Franken and Amy Klobuchar of Minnesota, Joe Donnelly of Indiana, Bob Casey of Pennsylvania and Jeanne Shaheen of New Hampshire….Read More