Express concerns that companies will saddle taxpayers with $26 billion cost.
The House Committee on Oversight and Reform addressed a letter to the departments of Justice and the Treasury this week, asking them to investigate the taxes of Cardinal Health, McKesson Corporation, AmerisourceBergen, and Johnson &Johnson. The companies agreed to a $26 billion settlement to settle opium prescription lawsuits, but the committee is concerned that the settlements were put into their tax deductions instead of being paid outright.
“The Committee remains deeply concerned that these companies will be allowed to claim billions in tax benefits resulting from great harm to the American people,” the committee members wrote. “We request that you determine whether these tax maneuvers comply with the law, and we urge you to do everything in your power to ensure transparency and accountability for the companies and executives that fueled our country’s deadly opioid crisis.”
As the Lord Leads, Pray with Us…
- For members of the House Committee on Oversight and Reform as they pursue information and investigate federal concerns.
- For Treasury and Justice Department officials as they comply with federal legislators requests.
Sources: Washington Post, The Hill
