Vote to Repeal the Tax

The U.S. Senate voted on a nonbinding resolution to eliminate the MDET. But the bottom line is the tax still is in effect, and if you determined you qualify to pay it, you still need to file and remit payment. The real effect of the largely symbolic vote (an amendment to the Democrats’ Senate budget proposal) is that it reflects bipartisan support for repeal of the tax due to Democrats from states with significant medical device manufacturing concerns joining Republicans. The ultimate repeal is an uphill battle due to lawmakers having to replace the projected $27 billion in revenue generated by the MDET to continue to fund the 2010 Affordable Care Act.