News Home

[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

News Watch Home

Medical device tax repeal passes Senate  

Credit:  Ed Arnold, Digital producer and social engagement manager- Memphis Business Journal | March 22, 2013 | www.bizjournals.com ~~

A budget amendment sponsored by Tennessee Sen. Lamar Alexander to repeal the medical device tax was approved by the U.S. Senate Thursday night in a 79-20 vote.

Alexander proposed to repeal the medical device tax and replace the lost revenue with an elimination of subsidies on wind energy.

The 2.3 percent excise tax placed on medical device sales was a part of the Affordable Care Act.

In a news release, Alexander cited Memphis-based Smith & Nephew Inc.’s Jan. 31 announcement that it would be laying off 100 employees in Tennessee and Massachusetts as a result of the new medical device tax.

However, during the company’s full-year 2012 earnings conference call, Smith & Nephew CEO Oliver Bohuon called the layoffs a follow up of the company’s value plan, and said published Memphis media reports saying that the medical device tax was at fault for the layoffs were “just wrong.”

Medical devices companies make up two of the top five manufacturing companies in Memphis, according to MBJ research.

Source:  Ed Arnold, Digital producer and social engagement manager- Memphis Business Journal | March 22, 2013 | www.bizjournals.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.