Showing posts with label excise tax. Show all posts
Showing posts with label excise tax. Show all posts

Tuesday, November 23, 2021

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…


Sunday, November 12, 2017

House Republicans suddenly have a massive problem with their tax bill -- Business Insider

House Republicans made changes to a proposed excise tax on multinational companies in the Tax Cuts and Jobs Act with an amendment on Monday. The Join Committee of Taxation found that by weakening the proposed tax, the TCJA would add more than $1.5 trillion to the federal deficit over 10 years. That would mean the bill would no longer qualify under the budget reconciliation rules. ....
http://www.businessinsider.com/trump-tax-plan-gop-bill-text-act-excise-2017-11







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