September 30, 2014 by Brian Johnson
Candidates in the race for Massachusetts governor race tell MassDevice.com that they’re for a repeal of the medical device tax and would support exploring a potential offset for Bay State medtech companies.
The next Massachusetts governor won’t be spending any political capital defending the medical device tax, a 2.3% excise tax on U.S. medtech sales. Both of the leading candidates toldMassDevice.com yesterday that they would push for a federal appeal and consider a tax credit to offset the levy.
The Democratic nominee, Massachusetts attorney general Martha Coakley, told MassDevice.com in an interview yesterday that as governor she would urge the Bay State’s congressional delegation to push for a repeal of the medical device tax and would be willing to consider a tax credit for medtech companies in the Commonwealth.
“I would like to see it changed at the federal level, because it’s been a great burden for our [medtech] industry,” Coakley told us. “I certainly would consider [an offset] because it’s an important industry for the state, but I really think we need to push on a federal level.”