146K U.S. jobs could be pushed overseas because of device tax

The 2.3% medical device tax could force companies to shift up to 30% of their production overseas, which could cost up to 146,000 American jobs, economist Diana Furchtgott-Roth said in testimony before the House Energy and Commerce Committee last week. Furchtgott-Roth co-authored a 2011 AdvaMed study that estimated the excise tax could slash more than 43,000 jobs.

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