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Trump Dings Pharma on Twitter, Hands Them Billions with #GOPTaxScam

July 9, 2018
Blog Post
Image removed.

The President clearly needs another reality check…

Instead of advocating for ‘falling' drug prices for everyone, the President and Republicans in Congress passed a deficit-exploding GOP tax scam handing multi-billion dollar windfalls to the pharmaceutical companies still hiking drug prices on Americans.

In fact, the same companies – including ‘Pfizer and others' – that are raising prescription drug prices have pocketed billions from the GOP tax scam.  Here are some examples:

PERCENT INCREASE IN 2017

COMPANYDRUG PRODUCTDRUG PRICE:ESTIMATED 2017 FINANCIAL BENEFIT FROM GOP TAX SCAM
PfizerLyrica: Used for nerve & muscle pain29%$24.4 billion
AbbVieHumira: Used for arthritis19%$4.1 billion
AmgenEnbrel: Used for arthritis19%$1.2 billion
MerckJanuvia: Used for diabetes18%$779 million
AmgenNeulasta: Used for cancer15%$1.2 billion
Gilead SciencesGenvoya: Used for HIV14%$308 million

In an empty proposal that demands no accountability from the drugs companies raising prices on seniors and families, President Trump exposed the reality of the GOP's agenda – a plan to raise Americans' health costs and hand even bigger handouts to wealthy pharmaceutical companies.

While the GOP Congress makes pharmaceutical companies richer, Democrats have made bold action to crack down on prescription drug prices a top priority – making it one of the first solutions called for in A Better Deal: Better Jobs, Better Wages, Better Future.