Leaders in the U.S. Senate aim to repeal one of the least popular provisions of the Patient Protection and Affordable Care Act: The 2.3 percent excise tax on manufacturers and importers of medical devices.
The tax has been criticized by trade groups as costing jobs, and it appears to be falling well short of expectations in raising revenue.
Although a bipartisan coalition in the House of Representatives pushed through legislation in June to undo the tax, which is expected to bring in $30 billion over ten years, the bill will not become law until the Senate acts. But Democratic and Republican aides told the National Journal that the upper chamber will soon address the issue.
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