Senator Dan Coats (R-Ind.), the senior Senate Republican on the Joint Economic Committee, today issued the following statement regarding a recent report issued by the Department of the Treasury’s Inspector General for Tax Administration detailing numerous issues that the Internal Revenue Service is having with the collection and reporting of the tax on medical devices imposed by the Affordable Care Act.

“It is no surprise that the IRS is having difficulty implementing one of the most harmful taxes included in the Obamacare law,” said Coats. “This latest report highlights what nearly 80 senators agree on — the medical device tax should be repealed because it stifles innovation and kills jobs. Given this bipartisan agreement and the more than 20,000 Hoosiers who are directly employed by medical device manufacturers, this tax needs to be repealed immediately.”

Among other findings, the report outlined how the device tax is falling far short of its revenue target. The full report is available here.

The medical device tax went into effect on Jan. 1, 2013, and it is one of several taxes levied through the Affordable Care Act. On March 21, 2013, 79 senators voted to pass a bipartisan amendment to the FY 2014 Senate Budget Resolution that called for the repeal of the device tax.