The Jan. 30 editorial “A bad diagnosis” missed the real reason the medical-device tax repeal enjoys bipartisan support and is the industry’s top priority: the profound negative effect of the tax on employment and research and development in one of the United States’ most innovative sectors.
We dispute the Congressional Research Service’s prediction of the tax’s minimal impact on jobs and note that the service didn’t speak to representatives of medical device companies to inform the analysis. Anyone who did would understand how big an impact the tax is having. A recent industry survey found the tax was responsible for 18,500 job losses and will lead to forgone hiring of 20,500 more over five years. In addition, 53 percent of respondents said their company had reduced R&D investment because of the tax and 58 percent said they would consider further reductions if the tax stays.
Congress should repeal the device tax to remove roadblocks that thwart getting innovative medical technologies to patients.
Stephen J. Ubl and Gail Rodriguez, Arlington
Mr. Ubl is president and chief executive of the Advanced Medical Technology Association. Ms. Rodriguez is executive director of the Medical Imaging & Technology Alliance.