EagleTribune.com, North Andover, MA

Business

January 20, 2013

Medical device tax survives fight to kill it

(Continued)

Medical device companies employ nearly 24,000 people in Massachusetts, who earn an average salary of $66,787, according to research by the Advanced Medical Technology Association, a national industry group.

(In Massachusetts, sales of medical devices are worth about $13 billion — making them the state’s top export — and theindustry employs 24,000 people, who earn about $67,000 a year on average, according to trade association figures.)

Medical device companies employ nearly 24,000 people in Massachusetts, who earn an average salary of $66,787, according to research by the Advanced Medical Technology Association, a national industry group.

Annual sales of medical devices made by Massachusetts companies are about $13 billion and medical devices are the top exported commodity out of the state, Sommer said.

Medical device companies employ nearly 24,000 people in Massachusetts, who earn an average salary of $66,787, according to research by the Advanced Medical Technology Association, a national industry group.

Annual sales of medical devices made by Massachusetts companies are about $13 billion and medical devices are the top exported commodity out of the state, Sommer said.

Medical device companies employ nearly 24,000 people in Massachusetts, who earn an average salary of $66,787, according to research by the Advanced Medical Technology Association, a national industry group.

Despite implementation of the device tax, the Advanced Medical Technology Association (AdvaMed), a trade association leading the lobbying effort, clings to hope of killing the device tax as part of comprehensive tax reform that is supposed to take place under the umbrella of deficit negotiations later this year.

That’s an extremely optimistic goal, according to Norman Ornstein, a congressional expert with the American Enterprise Institute. Even with comprehensive tax reform to address the deficit, Ornstein said, the goal is to add revenue to the federal budget, not take it away.

No one has yet offered an alternative source of revenue that the House and Senate can agree to.

Text Only | Photo Reprints
Business

Financial News
Stocks
Photos of the Week