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AdvaMed Praises House Vote on R&D Tax Credit AdvaMed Praises House Vote on R&D Tax Credit

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AdvaMed Praises House Vote on R&D Tax Credit

Issued By
May 10, 2014

CONTACT: Mark E. Brager 202-434-7244 mbrager@advamed.org

May 9, 2014

AdvaMed Praises House Vote on R&D Tax Credit

WASHINGTON, D.C. - The Advanced Medical Technology Association (AdvaMed) issued the following statement from JC Scott, senior executive vice president, government affairs, on today's vote in the U.S. House of Representatives to make permanent the research and development tax credit:

"AdvaMed commends the House for voting to make permanent the research and development tax credit, which will encourage R&D work here in America. R&D is the lifeblood for innovation and a critical element to growth and maintaining America's leadership in the medtech sector.

 

"As Congress takes up additional legislation to address America's tax code, it remains essential this effort include repeal of the medical device tax. Chairman Camp (R-Mich.) included repeal of this onerous tax as an element of his fundamental tax reform plan. We encourage Congress to act now to put a stop to this job-killing policy."

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AdvaMed member companies produce the medical devices, diagnostic products and health information systems that are transforming health care through earlier disease detection, less invasive procedures and more effective treatments. AdvaMed members range from the largest to the smallest medical technology innovators and companies.

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This document was issued by AdvaMed - Advanced Medical Technology Association and was initially posted at advamed.org. It was distributed, unedited and unaltered, by noodls on 2014-05-10 01:10:59. The original document issuer is solely responsible for the accuracy of the information contained therein.

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