ATR Leads Coalition Opposed to Pelosi's 95% Drug Tax

ATR today released a coalition letter signed by 70 groups and activists in opposition to the Pelosi drug pricing proposal to create a 95 percent tax on pharmaceutical manufacturers.As noted in the letter, this bill calls for a retroactive tax on sales that is imposed in addition to existing against income taxes:Under Speaker Pelosi's plan, pharmaceutical manufacturers would face a retroactive tax of up to 95 percent on the total sales of a drug (not net profits).