Drug companies questioned about pandemic relief tax break, opioid settlement costs

  • 📰 ABC
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The House Oversight Committee on Friday sent letters to four large drug manufacturing and distribution companies to determine if they plan to use a COVID relief tax provision to boost deductions for the costs of opioid settlements.

UIG via Getty Images, FILE

In the letters to Johnson & Johnson, Cardinal Health, McKesson and AmerisourceBergen, Democrats on the committee expressed concern that the change would be used by the companies against the reported $26 billion they agreed to pay to communities impacted by the"The American people should not be on the hook for hundreds of millions of dollars for your company's role in fueling the opioid crisis," they wrote.

"AmerisourceBergen has no plans to use the CARES Act tax provision with regards to any opioid settlement costs and we will share that information with the House Committee on Oversight and Reform as appropriate," a company spokesperson told ABC News.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

invest in forex trading with bolt_tech01 on Instagram or dm invest $300 and make profit of $8000 in four days legit and very easy to Cash out

Those doofuses wrote the law, it’s THEIR fault if the opioid pushers take advantage of it.

good luck

Should've been stricter penalties. Opioid addiction is still prevalent, and killing people.

𝐈 𝐰𝐢𝐥𝐥 𝐤𝐞𝐞𝐩 𝐬𝐡𝐚𝐫𝐢𝐧𝐠 𝐦𝐲 𝐭𝐞𝐬𝐭𝐢𝐦𝐨𝐧𝐲, 𝐈 𝐣𝐮𝐬𝐭 𝐦𝐚𝐝𝐞 𝐦𝐲 𝐭𝐡𝐢𝐫𝐝 𝐰𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥. 𝐓𝐨 𝐞𝐯𝐞𝐫𝐲𝐨𝐧𝐞 𝐥𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐛𝐞𝐬𝐭 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐭𝐨 𝐞𝐚𝐫𝐧 𝐃𝐌 Alexadra_Alison

OMG they sent letters. The letters contained what was already negotiated, none to your favor, and a press release followed ao you can be happy about things u dont even know u were fucked about. Good luck and i think walgreens has some taxpayer funded anal crwam to assist pain

I am looking for new, good friends

South Africa South Africa Latest News, South Africa South Africa Headlines