Dozens of states have alleged that several pharmaceutical companies ignored indications that their opioid pills were being steered toward people who abused them.
Those states sued, and the four pharmaceutical companies -- Johnson & Johnson, Cardinal Health, AmerisourceBergen and McKesson -- are nearing an agreement to pay a combined $26 billion in compensation to communities harmed by the epidemic. But a tax loophole allows those companies to use that settlement to claim massive tax deductions.
This isn’t how our tax system should work. Tell Congress: Companies shouldn’t be able to claim tax