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Medical Device Tax Repeal, RV Industry Legislation and Amazon Headquarters

2017-11-03T13:14:33+00:00 November 3rd, 2017|

– House Republican lawmakers, under the leadership of Rep. Jim Banks (IN-03), have signed a letter to Speaker of the House Paul Ryan asking for continued suspension or outright repeal of the medical device tax. This letter has bipartisan support with over 179 members of the U.S. House of Representatives signing on. As background, in 2013 the 2.3% medical device tax took effect in order to help pay for the Affordable Care Act. As a result, in 2015 Congress passed a spending package that suspended the tax for a two-year period, ending January 1, 2018. “The medical device industry is extremely important to northeast Indiana, and I strongly support a permanent repeal of the medical device tax,” Banks said in a statement. “This tax hurts consumers, restricts innovation and jeopardizes Hoosier jobs.”

– Senators Joe Donnelly and Joni Ernst (R-IA) serve as co-chairs of the Senate RV Caucus, and this week introduced legislation with Sen. Rob Portman (R-OH) that would ensure that the American RV industry has access to the Generalized System of Preferences (GSP) duty-free trade program. This would more accurately characterize domestic production from a review of the most recent three years, as opposed to data from 1995 (current requirement). Donnelly said, “This bipartisan proposal would make a common sense change to ensure the federal government uses current data, as originally intended, in determining participation in a duty-free trade program. The Indiana RV industry and other manufacturers could potentially benefit, allowing for greater economic growth in northern Indiana. I’m proud to introduce this bill with Senators Ernst and Portman to support the thousands of Hoosier workers in the RV industry and the local businesses that help provide opportunities for Hoosier families.”

– Senators Donnelly and Todd Young have written a joint letter to the CEO of Amazon, Jeff Bezos, urging him to move Amazon’s second headquarters to Indiana. The letter states: “Our state provides a unique combination of a robust and talented workforce, an effective transportation infrastructure network, competitive cost-of-living, and a friendly business environment that has allowed Indiana to be the preferred location for a growing number of domestic and foreign businesses. We urge you to join this surge of Hoosier economic growth. Businesses and workers from all over the world are attracted to our world-class universities, strong manufacturing sector, growing technology industry and significant logistics assets. Indiana continues to be recognized as one of the best states in the country to do business, and Hoosiers understand what it takes to make a business successful in the 21st century. Indiana would provide Amazon with a critical location to help coordinate Amazon’s continuously expanding operations and an effective transportation infrastructure network to support the logistics of moving goods across the country and around the world. Additionally, Indiana is already home to several Amazon facilities and thousands of incredibly capable Amazon employees, highlighting the confidence Amazon has in the people of Indiana and their ability to assist in managing its future growth.”

Resource: Caryl Auslander at (317) 264-6880 or email: causlander@indianachamber.com