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Funding health care by killing drug research

June 18, 2009

House Ways and Means Chairman Rangel wants to pay for the upcoming health care fiasco by denying deductions for prescription drug ads.

I wonder where the congressman thinks the funding for new miracle drugs come from, if not from drug company profits? And does he think cutting advertising will help with that? Well, keep up the hard work.

Ways and Means Chairman Rangel ponders health care funding at the rental house for which he failed to report rental income for 17 years. (NY Post photo)

Further coverage:

TaxProf
Tax.Com
Peter Pappas

Tags: dumb.Rangel.