On the recordJuly 17, 2002
this debate about prescription drugs really comes down to a very fundamental issue. It is an issue about whether or not the pharmaceutical companies will prevail and continue to charge the highest prices in the world to American consumers or whether the consumers of America, the families and the small businesses, will prevail and finally bring to this marketplace some competition, some form of oversight, that gives them a fighting chance. America believes in its drug industry. We understand the miracles that have occurred because of research and hard work within that drug industry. Look at the money we pump every year into the National Institutes of Health, taxpayer dollars spent by this Congress at the National Institutes of Health, to find new cures for diseases--last year, $23.5 billion. I supported it. I will support it again this year; it is money well spent to find cures for diseases that plague Americans and the world. Look at what we do as well: We say to these pharmaceutical companies we will give them a tax credit for research and development. We give them a tax break to continue to find new cures, and then we say we will give them a tax break for advertising and other costs of business. Our Government is friendly, supportive, and encouraging of the drug industry, as it should be. What do we get in return? Well, American consumers get the highest drug prices in the world. That is right.…
Source
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