House Bill May Target Drugmakers’ Advertising Tax Breaks
Submitted by Robert Lawrence on Thursday, 18 June 2009No Comment
Rep. Charles Rangel, D-N.Y., says the House Ways and Means Committee may seek to raise money for health reform by imposing a $37 billion tax on drugmaker’s advertisements, Bloomberg reports: “As lawmakers seek ways to pay for a health-care overhaul, ‘one thing that’s not off the table is you can pick up $37 billion knocking out the deduction for advertising’ for prescription drugs,’” Rangel said.
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