No, President Biden won’t slap a 95% tax on prescription drugs - PolitiFact

… "It means drug companies would have to sell their drugs to all distributors at the Medicare price or face up to a 95% excise tax," the president said in August. The tax would be levied directly on a company's drug sales, not consumers…

https://www.politifact.com/factchecks/2021/nov/22/facebook-posts/no-president-biden-wont-slap-95-tax-prescription-d/.