State of Indiana fights to repeal the medical device tax

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More than 20,000 Hoosiers work in medical device sales in the State of Indiana, helping to power the Hoosier economy. Leaders believe a federal tax on medical devices may be preventing more job growth.

“We can site instances in the State of Indiana where companies have changed plans to make investments and create jobs and industry in the Hoosier state because of this tax,” said Indiana Governor Mike Pence.

The medical device tax is a 2.3 percent excise tax that taxes sales directly, not just profits.

“This tax is on revenue. Manufacturers are being taxed even if they are losing money. So it is slowing down medical research and development,” said President of the Indiana Medical Device Manufacturers Council.

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About Peter Coffaro 1430 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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