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New Senate Report: GOP Tax Bill Benefits Drug Companies While Americans Pay More

By April 10, 2018No Comments

Washington, D.C. – Today, Senator Cory Booker (D-NJ) released a major report confirming that none of the country’s ten biggest pharmaceutical companies have used any of their windfall from the GOP tax scam to lower drug prices for consumers, instead passing those benefits along to wealthy executives and shareholders. Protect Our Care Campaign Director Brad Woodhouse released the following statement:

“From the moment the GOP’s tax scam proposal became public, the majority of Americans knew it was designed to enrich the wealthiest individuals and biggest corporations at the expense of everyday Americans and our health care, and today’s Senate report confirms it. Americans already pay a higher price for prescription drugs than consumers around the world, and big pharmaceutical companies have refused to lift a finger to provide relief from crippling prices. It’s outrageous that drug company executives are choosing to further line their own pockets instead of addressing the skyrocketing cost of prescription drugs, and it’s even further proof that the Republican tax bill was never intended to help ordinary Americans, and that it is only making health care more expensive for hardworking American families.”