05/07/2013
https://congress.gov...
"This is a catastrophe for people whose lives will now not be helped by the R&D that Allergan, and other companies like it, are conducting."
"We have a basic flaw in our tax system, and in our basic corporate structure that we have set up that will discourage R&D in the private sector by companies."
"And the fact is that--but what we are--what--this whole issue that I just brought up, this undercuts so much of whatever the government's basic research is doing, and all the other things that have be..."
"We are going to have basically a huge reduction--we have made it profitable for companies, then, to come in and eliminate R&D."