More than a dozen Democrats are pressuring House leadership to advance a bill that repeals ObamaCare’s medical device tax before Memorial Day. Rep. Scott Peters (Calif.) led 17 House Democrats in a letter to Speaker John Boehner (R-Ohio) and Minority Leader Nancy Pelosi (D-Calif.) urging “timely passage” of the bill. Peters and 17 other Democrats warned that the 2.3 percent tax on medical devices is prompting companies to slash their budgets on research and development, which they say “puts the discovery of new breakthrough medical technologies at risk.” The medical device tax, which applies to all manufacturers and importers, has been a much-maligned piece of ObamaCare since its passage. Lawmakers from both parties — including prominent Democrats such as Sens. Elizabeth Warren (Mass.) and Al Franken (Minn.) — have repeatedly called on Congress to repeal the provision. The provision was initially included as a funding mechanism for the law. Repealing the provision would cost $26 billion over the 2015-2024 period, according to a February report by the Center on Budget and Policy Priorities.
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