The White House on Monday threatened to veto a bill to repeal ObamaCare's unpopular medical device tax.
The bill is headed for a vote in the House later this week, and the 2.3 percent tax on medical devices has drawn criticism from some members of both parties who say it stifles innovation.
But the White House on Monday called the bill “a large tax break to profitable corporations.”
It argues that healthcare industries gain from new customers under ObamaCare and therefore should pay some of the cost of the coverage expansion.
“Its repeal would take away a funding source for financial assistance that is working to improve coverage and affordability and would increase the Federal deficit by $24.4 billion over 10 years,” the White House said in a statement.
At a Ways and Means Committee markup of the bill earlier this month, Democrats likewise berated Chairman Paul Ryan (R-Wis.) for not offsetting the cost of repealing the tax.
Still, the bill has received 41 Democratic cosponsors in the House, with some members pointing to the effect on the industry in their districts.
The House will also vote later this week on a bill to repeal ObamaCare’s Independent Payment Advisory Board (IPAB), which is tasked with recommending cuts to Medicare spending if it rises above a certain threshold.