This tax is bad but the problem for the medical device industry is much much bigger. It take an average of 13 years to take a new device through the FDA process. Investors want a return after 10.
A big chunk of the industry has already moved off shore. The rest will be there soon.
Perhaps, but where ever they go, they will still need these test parts and as it stands right now, nobody is making products. You and I and aunt Elsie who needs a pacemaker or some other device between now and after they get this issue settled are the ones who’ll suffer. My buddy ships worldwide. This just isn’t a USA problem.