|[March 22, 2013]
Cook Medical Applauds Bipartisan U.S. Senate Vote To Repeal 2.3 Percent Medical Device Excise Tax
BLOOMINGTON, Ind. --(Business Wire)--
Cook Medical is gratified and U.S. patients are thankful for the
bipartisan vote in the U.S. Senate on Thursday that overwhelmingly
passed the Hatch-Klobuchar amendment to the Senate Budget Resolution to
repeal the 2.3 percent tax on medical device sales in the United States.
Indiana Senators Dan Coats and Joe Donnelly, Pennsylvania Senators Bob
Casey Jr. and Pat Toomey, Illinois Senators Dick Durbin and Mark Kirk,
and North Carolina Senators Richard Burr and Kay Hagan deserve praise
for their leadership in co-sponsoring the amendment and joining with
colleagues to cast 79 votes favoring repeal, Cook officials said.
The amendment recognizes that patient care, jobs and the vitality of one
of the nation's most innovative industries depend on tax policies that
spur breakthroughs and do not punish innovators.
"Work still needs to be done, as the vote for repeal of the tax was
non-binding," said Cook Group Chairman Steve Ferguson. "This tax on
gross sales threatens regional economic vitality, badly needed jbs and
patients' hopes for new, life-saving products and treatments. Thousands
of lay-offs in the U.S. have already occurred because of this tax. We
are pleased for the support an American industry that is the envy of the
Work for repeal started in the 2012 U.S. House with its bi-partisan
vote, 270-146, to repeal the tax and continued this year with new repeal
bills in the House and U.S. Senate.
"American employees and patients appreciate the support of the House and
Senate and hope they will finish the job that was started with
Thursday's Senate vote," Ferguson said. "We need to protect jobs and
patients in the U.S. by moving promptly to repeal this tax."
About Cook Medical
A global pioneer in medical breakthroughs, Cook Medical is committed to
creating effective solutions that benefit millions of patients
worldwide. Today, we combine medical devices, drugs, biologic grafts and
cell therapies across more than 16,000 products serving more than 40
medical specialties. Founded in 1963 by a visionary who put patient
needs and ethical business practices first, Cook is a
family-owned company that has created more than 10,000 jobs worldwide.
For more information, visit www.cookmedical.com.
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