- Associated Press - Wednesday, December 16, 2015

BOSTON (AP) - A group representing the medical device industry in Massachusetts is applauding a congressional compromise on taxes and spending.

The tax package expected to be voted on this week includes a two-year suspension of the 2.3 percent excise tax on medical device makers. The tax was included in President Barack Obama’s 2010 health care overhaul.

Massachusetts Medical Device Industry Council president Tom Sommer said in a statement Wednesday that the tax was continuing to have a “devastating impact” on local companies. He says a recent survey done for the council showed firms reducing funds for research and design, and delaying expansion.

Massachusetts is home to a number of medical device makers.

Much of the state’s all-Democratic congressional delegation, including Sens. Elizabeth Warren and Edward Markey, has backed repeal of the tax.



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