Senate Symbolically Repeals Another Part of Obamacare

Friday night, US Senators symbolically voted to repeal a portion of ObamaCare — the medical device tax. The particular provision, if imposed, creates a 2.3% tax on medical devices, which could lead to the loss of some 43,000 jobs.

Senators voted overwhelmingly in favor of repealing the provision, passing by a vote of 79 to 20. The new tax is projected to raise nearly $2 billion in new revenue in 2013 and $20 billion over the next seven years according to United Liberty.

All that being said, Thursday night’s vote was symbolic and nonbinding since it was on an amendment to a Senate budget resolution which is not likely to result in a budget plan that the GOP-controlled House would agree to.

The medical device tax is one of $24.6 billion in 2013 tax increases mandated by the Affordable Care Act which took effect on Jan. 1. ViralRead will continue to follow this story as it develops.

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