BOSTON (AP) - Medical device makers are warning of job losses and other consequences if a 2.3 percent excise tax takes effect on Jan. 1, as scheduled.
The tax is one of several imposed on segments of the health care industry to pay for President Barack Obama's health care overhaul.
Lobbyists representing the medical device industry have been urging Congress to include a postponement of the tax as part of any compromise to avert the so-called fiscal cliff.
A number of Massachusetts Democrats who otherwise strongly support the president's health care plan, including Sen. John Kerry and Sen.-elect Elizabeth Warren, have also called for a delay or repeal of the tax.
An industry group says nearly 24,000 people in Massachusetts work for medical device companies, which generate about $13 billion in annual sales.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
If the fee was enacted as planned in the New Starts application, the expected $555 million in revenue would almost double the amount of taxes and fees motorists currently pay to the state through gas taxes
Ronald Nored, guard for the Butler University basketball teams that went to back-to-back Final Fours in the NCAA Tournament, has already landed his first coaching gig. The former Bulldog will lead the Brownsburg High School Bulldogs.
The university announced Blue III, also known as Trip, on Thursday. He was born Dec. 23 in Indiana. The university's current live mascot, Blue II, remains with the school.