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IPI Issue Brief Author: Gary Robbins, Aldona Robbins on 10/09/2000
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IPI Scholars Available to Discuss Gore/Bush Tax Plan and
Prescription Drugs/Pharmaceutical Profits
Prescription Drugs/Pharmaceutical Profits
For Immediate Release For more information: Sonia Hoffman
Wednesday, October 18, 2000 (888) 557-4IPI or shoffman@ipi.orgDallas, TX: Election fever has Americans scurrying to discover who has the best presidential Rx for their future on both the tax and prescription drug fronts—and they now have just 10 days to find out. There’s been plenty of talk and promises; what Americans need now are objective facts and figures.
According to new studies by the Institute for Policy Innovation (IPI), presidential nominee George Bush’s plan ultimately improves the federal budget far better than Gore’s. For example, Bush would provide the most jobs (2 million v. Gore’s 200,000) and amply increase the stock of U.S. captial (6.8% v. Gore’s .03%).
IPI also points out that while most price-control advocates are good at complaining about the high cost of drugs, they never take time to count the high cost of not having them. Many prescription drug companies are profitable, but not due to drug prices. They are profitable because they produce the medication doctors and people want. The answer then, is competition, not mandated government price-controls.
WHO: Gary and Aldona Robbins, Senior Research Fellows
“The Fiscal Plans of Al Gore and George Bush: A Comparison”
Dr. Merrill Matthews, IPI Visiting Scholar
“Prices, Profits and Prescriptions: The Pharmatech Industry in the New Economy.”
WHEN: Available immediately for TV, radio and print, by phone upon request.
Report copies available for download at www.ipi.org.
CONTACT: Sonia Hoffman, (888) 557-4IPI or shoffman@ipi.org
The Institute for Policy Innovation is a non-partisan, free-market economic public policy institute located in Lewisville, Texas. Please call Sonia Hoffman at 1-888-447-4IPI to arrange interviews.
