AAMC Letter to the House and Senate Republican Leadership
on MITC Provisions Included in the Senate Tax Bill
August 3, 1999
The Honorable J. Dennis Hastert
Speaker
U.S. House of
Representatives
H-232 Capitol
Washington, D.C. 20515
Dear Mr. Speaker:
On behalf of the nation's medical schools and teaching hospitals, I am
writing to express my support for provisions included the Senate-passed
version of the tax bill which encourage private sector firms to invest in
clinical research at U.S. medical schools and teaching hospitals. I ask
that you include these provisions-a variation of "The Medical Innovation
Tax Credit," H.R. 1039/ S. 1010-in the conference tax legislation.
The variation of H.R. 1039/ S. 1010 was included in the Senate passed
Manager's Amendment to S. 1429. The provisions are important to medical
schools and teaching hospitals as well as the overall advancement of
medical research.
Medical schools and teaching hospitals-which train our nation's
physicians, sustain the environment essential for research advances,
maintain key standby and special services and provide care for the
uninsured-are facing real financial challenges. These unique services
provided by medical schools and teaching hospitals are at risk of being
compromised as a result of fundamental changes taking place in the health
care marketplace. The provisions included in the Senate tax bill provide
an incentive to create new partnerships between private companies, on the
one hand, and medical schools and teaching hospitals, on the other.
I urge you to consider including the Senate-passed Medical Innovation
Tax Credit language in the final tax bill. Reinforcing America's
pre-eminence in medical research through increased investments in
America's academic research infrastructure is a win-win for all parties
involved-patients, private sector companies that manufacture drugs,
biologics, and medical devices, and medical schools and teaching
hospitals. The AAMC looks forward to working with you on these tax
provisions.
Sincerely,
Jordan J. Cohen, M.D.
President | 
