1. Trumpcare = Tax Cuts for Rich, Insurers & Rx Drug Corporations

2. Big Pharma Holds Billions Offshore to Avoid U.S. Taxes
Company
Offshore Profits (In Billions of $)
Pfizer
197
Johnson & Johnson 66
Merck 63
Gilead Sciences 38
Amgen 37
AbbVie 29
Eli Lilly 28
Bristol-Myers Squibb 26
Celgene 13
Biogen Idec 8
Total Offshore Profits
$504 Billion
Total U.S. Taxes Owed on Offshore Profits (estimate)
$149 Billion
Source: Institute on Taxation and Economic Policy

3. Gilead Sciences: Price Gouger, Tax Dodger
$86,000
Cost to consumers of one full treatment of Gilead’s Hepatitis-C drug
$1,500
Cost to Gilead to make a full Hepatitis-C treatment
$13 Billion
U.S. taxes Gilead owes on its offshore profits
$3 Billion
U.S. taxes Gilead will pay under Trump’s tax plan

4. Trumpcare: Tax Breaks for Insurers, Higher Premiums for Seniors
$13,000
$145B
TAX CUT
for Health Insurance Companies
PREMIUM HIKE
For a low-income older American’s health insurance

5. Trumpcare: Tax Breaks for Insurers, Big Premium Increases for Seniors
20-25%
$145B
PREMIUM INCREASE
For older Americans’
health insurance
TAX CUT
for Health Insurance Companies

6. Key Message Points
Trumpcare is tax cuts for the rich, and health care cuts for the rest of us.
Trumpcare takes health care away from 24 million to give $600 billion in tax breaks to the wealthy, and to health insurance and drug corporations.
Trumpcare drops 14 million low-income kids and seniors covered by Medicaid, in order to give millionaires a $50,000 tax break each year.
Trumpcare gives insurance companies a $145 billion tax break but lets them increase premiums by up to $13,000 for older Americans.
Trumpcare gives a $25 billion tax break to prescription drug corporations but doesn’t lower drug costs for seniors.
Trumpcare takes billions out of Medicare by eliminating a small tax paid by the richest 2 percent. This will shorten the life of Medicare by three years.