Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Democratic Primaries
Showing Original Post only (View all)Sherrod Brown: End Taxpayer Subsidies for Drug Ads [View all]
U.S. Senator Sherrod Brown recently introduced the End Taxpayer Subsidies for Drug Ads ActWashington, DC U.S. Senator Sherrod Brown (D-OH) recently introduced the End Taxpayer Subsidies for Drug Ads Act, legislation that would prohibit pharmaceutical drug manufacturers from claiming tax deductions for consumer advertising expenses.
According to a press release from Brown, advertising expenses by pharmaceutical drug manufacturers have more than quadrupled over the past two decades, rising from $1.3 billion in 1997 to $6 billion in 2016. In that same time period, advertising from drug companies has increased from 79,000 ads to 4.6 million ads, including 663,000 TV commercials. Economists have estimated that nearly one third of the growth in drug companies spending can be attributed to the increase in advertising for prescription drugs.
Brown says that under current law, drug manufacturers are allowed to deduct the cost of advertising expenses from federal taxes and the End Taxpayer Subsidies for Drug Ads Act would eliminate this tax deduction for drug advertising costs, ensuring that taxpayer dollars are not used to subsidize drug advertisements.
The purpose of medicine is to help people, not to line the pockets of Big Pharma executives. Its time to stop using taxpayer dollars to give tax breaks to Big Pharma, especially at a time when too many hardworking Americans are struggling to afford the medicine they need and the culprit is often price gouging by pharmaceutical corporations, said Brown
https://www.lovelandmagazine.com/u-s-senator-sherrod-brown-recently-introduced-the-end-taxpayer-subsidies-for-drug-ads-act/
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
33 replies, 4370 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (56)
ReplyReply to this post
33 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Hell, yes! Can't believe they get a tax break for annoying us with those damn ads
Panich52
Feb 2019
#5