Tax hurts investment in medical device research and development
06/05/2018
New research by Daeyong Lee in human development and family studies shows companies cut funding for research and development by $34 million in response to a tax imposed on medical devices as part of the Affordable Care Act. Photo by Ryan Riley.
New Iowa State University research shows companies cut funding for research and development in response to a tax imposed on medical devices as part of the Affordable Care Act. The study found the tax reduced R&D investment by $34 million and also negatively affected sales revenue, gross margins and earnings.
See the complete story by the ISU News Service.
Key contacts
Daeyong Lee, assistant professor, Department of Human Development and Family Studies, Iowa State University, 515-294-6120, daelee@iastate.edu
Angie Hunt, communications specialist, ISU News Service, Iowa State University, 515-294-8986, amhunt@iastate.edu