…and the costs all of us must bear from that. But the real story is this…proposal…Hillary Clinton has dreamed up for her Presidential campaign.
The centerpiece idea would require drug makers to devote a sufficient portion of revenue to research and development. Those that don’t would risk losing federal support, such as research grants or an R&D tax credit.
Never mind that drug companies already spend 15%-20% on R&D. This fine businesswoman, who’s never run a company in her life and who was dead broke when she left the White House, says that’s not enough. Never mind, too, that she has studiously avoided saying how much is enough.
This is just another Democrat who hasn’t met a tax she didn’t like. This is just another Democrat who thinks Big Government knows more about running a business than the businessmen, who have to operate in a competitive environment or fail.