but President Joe Biden's proposal to allow Medicare to negotiate drug prices has already hit opposition among some Democrats, and is the target of extensive lobbying efforts by pharmaceutical companies.the limit placed on how much a taxpayer can deduct from federal taxes for payments to their local and state government. Democrats in high-cost areas want the cap raised but lawmakers haven't decided how to go about it.
As the negotiations enter a new phase, President Joe Biden will speak with House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer later on Thursday about "moving the Build Back Better agenda forward," White House press secretary Jen Psaki said. PhRMA, the drug industry lobby, is waging a campaign to kill the provision, launching TV ads aimed at scaring seniors about its implications, and arguing that allowing Medicare to negotiate prices would threaten older voters' access to medicine they want.The party avoided the "SALT" issue entirely in the Ways and Means Committee, but a group of lawmakers from high-tax states, led by Rep. Tom Suozzi, D-N.Y.
Separately, centrists have urged Pelosi not to make them vote on a version of the tax and spending bill that has no chance of passing the Senate. They argue that a bill that's too liberal to become law could be used to hurt them politically come election time.
Reminder. POTUS RAISED insulin prices in his first month. Payback to big Pharma.
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