Elizabeth Warren of Massachusetts, now fourth in the Democratic leadership, has turned against the tax, echoing the opposition of many Republicans. The medical device tax in the health care law is on the chopping block as Republicans storm into town this January and their victory gave the medical device industries one of their biggest post-election rallies. "I think you'll see the medical industry remain in somewhat of a state of flux until the fate of the medical device tax is decided," says Andrew Schrage of MoneyCrashers.com. "But it already has had a negative effect. Research recently released by Ernst & Young shows that venture capital investment in that sector fell 17% from 2012 to 2013. Some folks claim that it has already resulted in lost jobs and reductions in research and development as well." Massachusetts health professional Emily DiPietro, whose experience includes time at Baystate Medical Center, notes that many companies, including the Stryker Corporation (NYSE: SYK) have seen recent successes, and are likely largely optimistic about a potential repeal. "It could come pretty quickly, but I think you'll continue to see some indecisiveness until there's more movement towards a repeal in the next Congress".