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Tag Archives: USA

Pfizer to leave the US because of high tax rates, Makes a huge part of its money from tax funded government programs

The big pharmaceutical companies have done very well in the crony department over the last decade. Medicare Part D was a giant gift to pharma, then the “donut hole” fill of Part D in 2010 meant even more money for the drug companies. Big Pharma in many respects is a government contractor. A quarter of its revenue comes from Medicare, Medicaid, and various other government programs. But now one of the giants is leaving for England lured by lower tax rates.

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Will the Obama-era hypocrisy continue when the next president takes office?

I don’t care if you like this president. I can understand why some people do. There are partisan affiliations which are hard to break. There are ethnic ties which are powerful. There is an opposition party which is not much of an alternative. But make no mistake, President Obama has taken this country down a very dangerous path and now is the time to set the country back on the right one, before the next president comes in and makes things even worse.

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