California Life Sciences Association Supports New Legislation to Suspend Medical Device Tax
California Life Sciences Association (CLSA) applauded the introduction of H.R. 4617, which suspends until December 2022 the job and innovation destroying 2.3 percent medical device excise tax levied on medical device firms originally established as part of the Affordable Care Act.
According to a media release, this statement can be attributed to Sara Radcliffe, President & CEO, California Life Sciences Association:
"California Life Sciences Association (CLSA) welcomes the introduction of H.R. 4617, legislation that places a 5-year suspension on the ill-conceived 2.3 percent medical device excise tax. Without swift enactment of this measure, the medical device tax would further hamper innovation and investment in medical technology research and development.
"According to our newly released 2018 California Life Sciences Industry Report, California is home to 1,796 medical device firms employing over 77,200 people more firms and employees than any other state in the nation making the impact of the tax on our state particularly troublesome. While our medtech innovators certainly welcome a 5-year reprieve from the tax, CLSA applauds this legislation as a positive first step towards full repeal of the device tax, which is critical to ensuring that the U.S. does not jeopardize our position as a global leader in medical technology innovation.
"CLSA thanks House Ways & Means Committee Chairman Kevin Brady and Reps. Erik Paulsen and Jackie Walorski for introducing this critical bill, and we strongly urge our California congressional delegation to support this measure to suspend this counterproductive tax on innovation."
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THE DAILY VIEW
Tea Forté Introduces ‘Matcha’ Collection
Convenience meets tradition in Tea Forté’s new Ceremonial Matcha Bowl Set and the Matcha Single Steeps.
The company said its spring harvested, shade grown, stone ground, organic matcha tea is best served in a centuries-old Japanese tea ceremony called chanoyu: a preparation technique known for its centering meditative qualities.
"The launch of Tea Forté's Matcha collection represents our continued commitment to wellness and cultivating all the potential mental and physical health benefits of tea," says Tea Forté CEO Michael Gebrael. "In addition to our high quality Pure Matcha, we've also blended four distinct flavored Matcha varieties. Prepackaged in pouches measured out for a single serving, our Single Steeps Matcha is ideal for the office, travel, or to keep with you for a boost anytime."
Tea Forté noted its handcrafted ceremonial tea bowl, handmade bamboo whisk and measuring ladle “encourages serene enjoyment of our premium Kosher, gluten-free and vegan matcha blends.” These include: Pure Matcha, Chocolate Matcha, Coconut Matcha, Ginger Matcha, and Chai Matcha.
According to a release, in addition to its distinctive taste, matcha is prized for its health benefits. Steeped green tea contains only the antioxidants that can be extracted in water, while with matcha, the whole leaf is consumed.
Available now in select stores and online at teaforte.com.
Expedia.com has released a year-end look at U.S. traveler behavior and trends for 2017, analyzing data to identify the most in-demand destinations, hotels, activities and more.
Among other insights, the roundup revealed:
- Labor Day was the busiest weekend for car rental
- Disney Theme Parks topped the list of things to do
- The average hotel stay was two nights
- Top destinations based on 2017 air travel included major global cities like New York, London and Bangkok
- Popular tourist destinations included Orlando, Cancun and Las Vegas