Senators McCaskill and Shaheen have a bill to stop tax deduction for prescription drug ads. The American Medial Association and my drug policy friends approve. This stoppage would treat Rx drug ads like marijuana ads — and nudge against them via taking away this tax break. Maybe freedom of speech (for marijuana, in state Constitutions) won’t let us stop the ads, but we don’t have to subsidize them.
Proposed section 280I text includes:
No deduction shall be allowed under this chapter for expenses relating to direct-to-consumer advertising of prescription drugs for any taxable year.
Why not do the same for alcohol, tobacco, and opioids?