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Gmail Peter Burgess
Bernie Sanders: “These corporations can no longer be allowed to rip off Americans”
1 message
Frank Clemente Mon, Dec 11, 2017 at 12:38 PM
Reply-To: info@americansfortaxfairness.org
To: peterbnyc@gmail.com
Tell Congress:
'A new Americans for Tax Fairness report shows how the pharmaceutical industry will get an $80 billion tax break under the Trump tax scam while continuing to price gouge the American people. Tell Congress to reject a tax plan that rewards Big Pharma while doing nothing to rein in skyrocketing drug prices.'
Sign the petition
Peter,
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 all of us while stashing billions of dollars in untaxed profits offshore. The report describes how, between 2011 and 2015, the Pharma Big 10 (the nation's 10 largest drug companies) jacked up the prices charged to consumers, Medicare and Medicaid, for 31 of their most widely-prescribed drugs by an average of 40% to 70%!
And, in 2016, the Pharma Big 10 had $506 billion in untaxed profits stashed offshore. These profits soared by two-thirds since 2011, as drug prices skyrocketed.
If Congress passes Trump’s terrible tax plan, the Pharma Big 10 would get an estimated tax cut of $80 BILLION on their offshore profits.
Sign the petition! Stand with Americans for Tax Fairness and demand that instead of handing the Pharma Big 10 an $80 billion tax break, Congress should rein in drug prices and ensure that drug companies pay their fair share of taxes.
Senator Bernie Sanders said:
“This important new report highlights what we already know—pharmaceutical companies are gouging the public with outrageous prescription drug prices, while dodging tens of billions of dollars in U.S. taxes on their offshore profits. But instead of doing anything to rein in these tax dodgers, the Republican tax plan rewards drug companies with massive tax cuts on their current and future offshore profits. These corporations can no longer be allowed to rip off Americans, who already pay the highest prescription drug prices in the world. Instead of giving big pharmaceutical companies that are sheltering their profits overseas a massive tax break, we must demand that they pay their fair share of taxes so that we can rebuild the disappearing middle class.”
The Pharma Big 10 shouldn’t receive a massive tax break in a tax plan that will result in cuts to Medicare and raises taxes on 87 million middle-class Americans!
Sign the petition to Congress demanding that they reject a tax plan that gives even bigger tax cuts to the pharmaceutical industry and other multinational tax dodgers than they get already.
Together, we’re demanding a tax system and a healthcare system that works for everyone, not just the wealthy few.
Thank you,
Frank Clemente
Executive Director
Americans for Tax Fairness
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