(Bloomberg) Republicans trying to end a U.S. excise tax on medical devices see a chance to capitalize on fractures among Democrats and score a long-sought victory.

If they manage to include the repeal in a package of tax breaks moving through the U.S. Senate this week, Republicans could make a dent in President Barack Obama’s 2010 health care law and help companies such as Medtronic Inc. and Boston Scientific Corp. that want the tax abolished.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access