The lawmakers accuse Pfizer, Merck, J&J, AbbVie and Amgen of paying little to nothing in federal taxes despite generating billions of dollars annually.
Two Democratic lawmakers on Tuesday pressed five of the nation’s largest pharmaceutical companies about their low tax bills and whether they support extending massive tax cuts for the industry in the GOP reconciliation bill.
Sen. Elizabeth Warren, D-Mass., and Rep. Jan Schakowsky, D-Ill., accuse Pfizer
, Merck
, Johnson & Johnson,
AbbVie
President Donald Trump has pushed to lower drug prices for Americans, which are on average nearly three times higher than…
Johnson & Johnson said on Thursday that it has reached an agreement with the U.S. President's administration to cut drug prices…
Officials pledge ‘massive savings’ as companies agree to offer drugs at prices paid in other wealthy countries
"We are working with the government and trying to find constructive solutions so that Americans pay less for their medicines."
Democrats, meanwhile, blocked a competing GOP bill on Thursday that would have bolstered health savings accounts instead.
Marjorie Taylor Greene and Mike Lawler went at it over the need to appease GOP voters in blue states.
