Let’s Not Stifle Job Growth and Medical Innovation Through a Misguided Tax Increase

Mr. Speaker, as we continue to debate health care we must remain cognizant of the impact on both jobs and health care innovation.

That’s why I strongly oppose the new $40 billion dollar innovation tax on the medical device industry that’s being proposed in the Senate.

Minnesota – and the Third Congressional District in particular – is home to many of the top medical device manufacturers responsible for life-saving technologies.  Hundreds of small businesses and entrepreneurs in the medical technology field also call Minnesota home.

I have visited and met with many of these entrepreneurs.  They are hard-working.  They’re employers that provide tens of thousands of good-paying jobs for Minnesotans.

Moreover, these medical breakthroughs save money and improve the quality of care.

A massive new tax increase will stifle job growth, it’ll stifle innovation and it’ll ultimately harm quality health care.

I strongly urge the Senate, the President, and my colleagues to oppose this misguided new tax.

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