Press Releases

Rep. Jim Banks: Repealing the Medical Device Tax Will Lower Healthcare Costs and Improve Northeast Indiana’s Economy

Washington, D.C.— Today, Congressman Jim Banks (R-IN) released the following statement regarding his cosponsorship of the “Protect Medical Innovation Act of 2019,” which would repeal the excise tax on medical devices.  Northeast Indiana is a leader in medical device development and manufacturing.  Read the full bill text here.

Said Rep. Banks, “Since I first entered Congress, I have been fighting for the permanent repeal of the disastrous medical device tax that has cost 29,000 jobs and made health care more expensive.  As the representative of the ‘Orthopedic Capital of the World,’ it is important that we give clarity to medical device makers so that they can invest in lifesaving innovations. I am proud to support this bipartisan effort to fully eliminate this counterproductive tax once and for all.”

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Congressman Jim Banks represents Indiana’s 3^rd Congressional District and serves on the House Armed Services Committee, Committee on Veterans Affairs, and Committee on Education and Labor.  Please direct all press inquiries to tw.arrighi@mail.house.gov.