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Medical Device Company PACs Favor Republicans
Posted at 12:01 p.m. on Sept. 30, 2013
Medical device manufacturers are hoping the government shutdown battle will help them shut down a 2.3 percent sales tax on medical devices. They are looking for help from their friends in Congress.
The amendment to kill the medical device tax would save the industry $30 billion over the next ten years. A look at the records of the political action committees of the top medical device manufacturers show most are giving more contributions to Republicans than Democrats, so far in 2013. Many of these companies are involved in multiple issues before Congress.
Allergan Inc. has also given $327,500 to Section 527 organizations in 2013, with $210,000 to Republicans.
The Advanced Medical Technology Association PAC has given $98,847 with 68% to Republicans. The association has reported spending a total of $1,358,419 on lobbying during the last two quarters of 2013 and the first two quarters of 2013. They spent $267,490 in the third quarter of 2013; $453,093 in the fourth quarter of 2013; $583,861 in the first quarter of 2014; and reported spending $653,975 in the second quarter of 2013.