To: The United States House of Representatives and The United States Senate
Sign now: Demand Congress rein in drug prices, not reward the greedy Pharma Big 10
Between 2011 and 2015, the country’s 10 biggest drug companies raised the prices charged to consumers, Medicare and Medicaid, for 31 of their most widely-prescribed drugs by an average of 40% to 70%. During that same time, their untaxed offshore profits soared by two-thirds to $500 billion. The tax bills now before Congress will give drug companies a huge $80 billion tax cut on those offshore profits. That’s wrong! Instead of handing the Pharma Big 10 a massive tax break, Congress should rein in drug prices and make sure drug companies pay their fair share of taxes.
Why is this important?
If Donald Trump and Congressional Republicans pass their massive tax cuts largely benefiting the richest 1% and wealthy corporations, a big winner will be the pharmaceutical industry, which wields enormous power through a small army of corporate lobbyists.
A new report by Americans for Tax Fairness highlights how Big Pharma has price gouged the American people while stashing $500 billion in untaxed profits offshore. And under the Trump tax scam, they will get a tax cut of about $80 BILLION on their offshore profits.
Sign the petition today and demand that Congress reject a tax plan that rewards drug companies that rip-off seniors and working families.