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Innovation and Jobs Destroyed by Tax



(p. 7A) I was humbled to receive in November the National Medal of Technology and Innovation at the White House for the development of life-changing medical devices. Traveling to our nation's capital, I couldn't help but think: There is no way I could have had the same impact if the tax on medical devices was in place when I got started over 50 years ago.

Simply put, the medical device tax is destroying job creation and innovation, and as a result, patient care is suffering.


. . .


Every day, I see firsthand the difficult choices innovators must make as a result of this ill-conceived tax. Perhaps worst of all, the medical device tax is helping cause a steep drop of investments in promising therapies.


. . .


It's time to put an end to this disastrous policy so that medical device entrepreneurs can do what America does best -- innovate.



For the full commentary, see:

Tom Fogarty. "Opposing View: Tax Destroys Jobs and Innovation." USA Today (Mon., January 5, 2015): 7A.

(Note: ellipses added.)

(Note: the online version of the commentary has the date January 4, 2015, and has the title "Tax Destroys Jobs and Innovation: Opposing View.")






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