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Obama signs medical device excise tax delay into law
President Obama has recently signed into law the $1.1 trillion omnibus spending bill and $650 million tax break package that includes a 2-year suspension of the 2.3% medical device excise tax.Under the terms of the agreement, known as the Consolidated Appropriations Act 2016, the medical device excise tax will now not be eligible for reinstatement until the 2018 fiscal year. The tax was originally approved as part of the Affordable Care Act.