Massachusetts Democrats dismiss Sen. Ed Markey bill, back Republican effort to repeal Obamacare’s medical-device tax – Boston Business Journal

Even some members of the Massachusetts Democratic delegation saw through Sen. Ed Markey’s poison pill bill to “repeal” the hated med device tax only if oil and gas taxes were enacted to “pay” for the revenue loss.

With his vote Seth Moulton shows early on a welcome indedendent streak. It helps that many med device manufacturers are located in his district, the Sixth.  Not perfect but refreshing. Ed Markey, the anti fossil fuel ideologue, loses big. There isn’t an industry Markey hasn’t harmed over the course of his career.

Add U.S. Rep. Seth Moulton to the growing number of Massachusetts congressmen backing a Republican-sponsored bill to repeal a medical-device tax established with passaged of the 2010 Affordable Care Act, more commonly known as Obamacare.

The move by Moulton, a Democrat, to abolish the medical device tax corresponds with a separate effort by Massachusetts’ junior senator, Ed Markey, to replace the 2.3 percent levy on medical-device sales with a separate tax — one that would still support the ACA — on the oil and gas industry.

“This is far more likely to get passed,” Moulton said in a phone call when asked why he backed the GOP bill to abolish the medical device tax.

Introduced by Minnesota Republican Rep. Erik Paulsen, the measure has 277 co-sponsors and strong bipartisan support. In addition to Moulton, other Massachusetts politicians to back the Paulsen measure include U.S. representatives Katherine Clark, William Keating, Joe Kennedy and Stephen Lynch.

Massachusetts is home to one of the nation’s largest medical device clusters, boasting a community of major employers including Boston Scientific (NYSE: BSX) and Alere Inc. (NYSE: ALRE).

Read the whole piece here at BBJ. 

About Karl Marx

Left wing libertarian conservative.