INDIANAPOLIS – The Indiana Medical Device Manufacturers Council (IMDMC) commends lawmakers on suspending the job-killing medical device excise tax for two years. This action by Congress was part of the continuing resolution to end the government shutdown.
“The IMDMC applauds the Indiana delegation and congressional leadership for their hard work to suspend the medical device tax for two more years. The action made by lawmakers to suspend this tax allows the medical device industry to continue to invest in innovative medical technology and job growth,” said Anne Hathaway, IMDMC Executive Director. “This job-saving, tax suspension especially benefits Hoosiers because Indiana is a leader in the medical device industry as well as being home to the medical device capital of the world in Warsaw, Ind.
“This suspension is a step in the right direction and we look forward to working with policymakers over the next two years to get the tax fully repealed. A full repeal of the tax is crucial for the continuation of research and development of new products that can save and improve the lives of Hoosiers, Americans and people worldwide.”
Indiana is a leader in the medical device industry and employs more than 20,000 Hoosiers. Jobs within the medical device industry pay 41.7 percent more than the average wage in Indiana.
IMDMC is an association of medical device manufacturers and other associated companies, formed in 1991, to promote the medical device industry. By uniting Indiana medical device manufacturers, large and small, IMDMC serves to amplify the voices and convey the interests of these innovative companies before state and federal legislatures and regulatory agencies. IMDMC also offers education and training opportunities to its members as a way to network and continue to evolve with the ever-changing industry.