US EditionTrump seeks to squeeze drugmakers’ revenues to pay for tax cuts
- President Trump seeks to reduce pharmaceutical companies' drug prices to help fund tax cuts during ongoing federal budget talks in 2025.
- Trump's request follows his administration's earlier focus on affordable drugs and aligns with his theme that the U.S. Overpays for medications compared to other countries.
- His plan involves mandating Medicaid receive the lowest drug prices charged internationally while proposing large federal agency budget cuts excluding defense to pay for tax reductions.
- Economic adviser Stephen Moore, who helped craft the 2017 Tax Cuts and Jobs Act, leads a six-figure ad campaign warning of average family tax increases of $2,000 to $3,000 if tax cuts expire.
- The effort signals renewed pressure on drugmakers to accept pricing reforms and highlights tensions between controlling spending and maintaining access to vital medications.
8 Articles
8 Articles
Exclusive | Pro-Trump group targets House Dems, including NY pols, resisting tax cuts
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The Republicans Better Pass Trump's Tax Cuts or They'll Lose in 2026
With all the talk about how far out of whack the Democrats are, they aren’t so far gone that no one will vote for them. And if Republicans want to keep winning in the coming 2026 midterms, there is something they must do or the Democrats will gain the upper hand despite how bad they […] The post The Republicans Better Pass Trump’s Tax Cuts or They’ll Lose in 2026 appeared first on The Lid.
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Jindal said the Trump administration has so far focused on three key areas in healthcare: more affordable prescription drugs, reducing the use of artificial food dyes, and blocking the use of taxpayer dollars in subsidy programs for junk food.
How Trump Threatens Ireland's Pharmaceutical Success Story
The small island became Europe's largest pharmaceutical exporter to the USA with a smart location policy. American corporations have invested many billions. But the US President wants to bring the factories back to their home country.
Trump seeks to squeeze drugmakers’ revenues to pay for tax cuts
By Rachel Cohrs Zhang, Bloomberg News President Donald Trump has set his sights on the pharmaceutical industry to shoulder part of the cost of his tax cuts, pressing congressional Republicans to force drugmakers to accept lower prices on prescriptions covered by Medicaid. Trump asked House Republicans to mandate the government health program for low-income and disabled Americans get the lowest price for drugs that certain foreign countries are c…
Trump's new tactic with which he intends to finance tax cuts in the US
President Donald Trump has in sight an industry that will have to pay the cost of tax cuts.The president pressures Republicans in Congress to force drug manufacturers to accept the lowest prices for prescriptions covered by Medicaid, the public health insurance program for some individuals and families with scarce income and resources.Trump asked Republicans in the House of Representatives to make the government health program have lower prices …
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