By Sam Baker - 09/07/11 04:35 PM EDT
Companies that relocate overseas would still have to pay the 2.3 percent tax. Furchtgott-Roth said the firms would nevertheless make the move because they would face a lower overall tax rate.
Three bills to repeal the tax have been introduced in the House. The leading measure, sponsored by Rep. Erik Paulsen (R-Minn.), has 187 co-sponsors.
AdvaMed officials told reporters Wednesday that they’re not aware of any immediate plans to move a repeal bill, but said it would be a logical fit for debates over job creation or tax reform.