Kaine, Colleagues Introduce Bill to Stop Pharmaceutical Companies from Exploiting Advertising Tax Loopholes
July 16, 2024
July 16, 2024
WASHINGTON, July 16 -- Sen. Tim Kaine, D-Virginia, issued the following news release:
Senator Tim Kaine (D-VA), a member of the Senate Health, Education, Labor and Pensions (HELP) Committee, alongside U.S. Senator Jeanne Shaheen (D-NH) and 16 of their Senate colleagues, introduced the No Tax Breaks for Drug Ads Act, legislation that would prohibit pharmaceutical drug manufacturers from claiming tax deductions for expenses on advertising directly to consumers. Under current law, drug . . .
Senator Tim Kaine (D-VA), a member of the Senate Health, Education, Labor and Pensions (HELP) Committee, alongside U.S. Senator Jeanne Shaheen (D-NH) and 16 of their Senate colleagues, introduced the No Tax Breaks for Drug Ads Act, legislation that would prohibit pharmaceutical drug manufacturers from claiming tax deductions for expenses on advertising directly to consumers. Under current law, drug . . .