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Article: State's senators oppose device-firm tax; The revenue would help pay for health care reform, but Klobuchar and Franken say jobs and innovation could be imperiled.(BUSINESS)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- September 16, 2009
- Author:
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Byline: JANET MOORE; STAFF WRITER
In a bid to protect one of Minnesota's signature industries and major employers, Sens. Amy Klobuchar and Al Franken on Tuesday said they oppose a tax on medical device companies -- part of a proposal being considered by Congress to pay for health care reform.
In a letter to Sen. Max Baucus, D-Mont., chairman of the powerful Senate Finance Committee, the Minnesota Democrats claimed the proposed $4 billion tax "will seriously threaten thousands of American jobs and deter innovation" in the heavily research-focused device industry.
Baucus' health care legislation could be introduced before his committee as early ...