This tax is a killer. A buddy of mine invented a small little coated wire tester used in the motherboard construction. It works on many devices but the medical industry accounted for almost 60% of his sales. Since January, he has sold 1-100th of what he needs to sell to keep the doors open. It is because of this tax.
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.
That repeal has been bought and paid for by the medical device manufacturers. They give their contributions and the Senators vote. I think all politicians should wear sponsor patches like NASCAR drivers. That way you know who they are really working for.
Important—but a side issue. Former Boehner staffers are lobbyists for the industry. This is a strategy to drive a wedge into the Republican House. RATS give up a little revenue—GOP gives up the country.