Republicans Seek Vote on Medical Device Tax
May 21, 2014
The Senate Finance Committee last month passed a two-year tax extender bill (legislation that would reinstate recently expired tax breaks) that included a provision indexing the Section 179 small business expensing limits to inflation. The legislation does not include a provision repealing the ACA-imposed medical device tax, despite bipartisan support for repeal. Senate Majority Leader Harry Reid (D-Nev.) is not budging in his opposition to any amendment that would repeal a part of the ACA. Meanwhile, Republicans last week blocked the mammoth legislation from moving forward in protest of what they view as the Democratic leadership's restrictive amendment process. No full floor vote is scheduled.
Meanwhile the House is moving forward on its tax extender legislation, preferring to pass proposals one by one rather than as one sprawling omnibus bill.