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The Boston Globe

Politics

Senate moves to end medical device tax

Levy helps fund health care law

WASHINGTON — Medical-device companies scored a political victory when the Senate voted in a nonbinding resolution to repeal a new device tax, and now they are turning their attention to the House, especially Representative Ed Markey.

The 2.3 percent tax went into effect in January and is supposed to help offset the costs of implementing President Obama’s landmark health reform law. But the device industry argues that it would cost Massachusetts’ largest companies more than $411 million a year, according to a new analysis by the Pioneer Institute that will be released in April, just before the first payment is due.

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