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Medical-device firms criticize tax proposal

Washington Post, October 14, 2009

Under the bill approved by the Senate Finance Committee, the medical-device industry would pay a total of $40 billion over 10 years. In response, players big and small in the industry warned that the tax would harm their ability to innovate. Mark B. Leahey, president and chief executive of the Medical Device Manufacturers Association, said many companies could go under if the proposed tax is enacted.