Rep. Love, local businesses call on Senate to repeal medical device tax

Politics

Salt Lake City, Utah- (News4Utah) – Some local businesses are standing united as they call on Congress to end the medical device tax once and for all.

The House passed the bill last month, now it’s sitting in the Senate.

Local businesses owners are teaming up with Representative Mia Love to turn up the heat.

From its headquarters in West Jordan, employees at Merit Medical pack up products and ship them across the globe.

Business is good, but they say the medical device tax is an undue burden.

“Twenty percent of this company’s net, after-tax profits was sent to Washington DC, rather than reinvested in technologies here, and growth of our business here,” said Greg Freede, Executive VP of Business Development.

The excise tax was created under the affordable care act to help cover the cost of implementation.

Under the Omnibus spending bill, the controversial tax is suspended for 2 1/2 years.

“For years, I’ve recognized that the medical device tax is unfair, burdensome and it has to go,” said Representative Mia Love, (R) Utah.

Love is co-sponsoring a bill to repeal it. It passed the House last month with votes from republicans and democrats.

Now, Love is standing side by side with Utah device makers to send a message to the Senate.

“It really is about looking no further than our neighbors, and the people that work here and those that are doing everything that they possibly can to make sure they are able to feed their family and grow and thrive,” she said.

Last year, the industry created more than 10,000 jobs and generated $5 billion to the state’s economy.

They say they would like to do more.

“Despite that suspension, it makes it very difficult for our companies to plan research and development projects,” said Freede.

Senator Orrin Hatch is sponsoring the bill in the Senate, so time is of the essence for him to get it done.

The first step is the Senate Finance Committee, which Hatch chairs.

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Glen Mills

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 Glen is honored to be delivering the news of the day every weeknight at 5, 6, and 10 in his home state. He is an award-winning veteran journalist, who joined the ABC4 News team as a weekend anchor in June 2013. Over the years, he held various positions at the station as he worked his way up to the main anchor chair. He also serves as our Senior Political Correspondent and hosts Inside Utah Politics, which airs every Sunday. The Utah Headliners Chapter of the Society of Professional Journalists has recognized Glen as the best government and military television reporter in the state. Before returning home to Utah, he spent 11 1/2 years developing his journalism skills in other states. He held various on-air and management positions at KPVI in Pocatello, Idaho, WGBA in Green Bay, Wisconsin, and KKCO in Grand Junction, Colorado during that time. Read More...