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US Congressman Buddy Carter has introduced the Fair Tax Act, aiming to abolish the IRS and replace the current tax system with a national consumption tax. The legislation, supported by several Republicans, seeks to eliminate personal and corporate income taxes, while requiring unauthorized immigrants to pay taxes without the consumption allowance given to legal residents.
A bipartisan group of lawmakers has urged the DOJ to investigate pharmacy benefit managers (PBMs) for their potential role in the opioid crisis, citing evidence of collusion with Purdue Pharma to promote OxyContin in exchange for substantial rebates. They argue that PBMs, which control over 80% of the market, have prioritized profits over patient care by retaining rebates instead of passing them on to consumers. The lawmakers are calling for increased oversight and accountability in the pharmaceutical supply chain.
Federal incentives for clean energy, including tax credits for electric vehicles and energy-efficient appliances, may be at risk with the incoming administration. While the Inflation Reduction Act has spurred significant investments and job creation, GOP leaders express mixed feelings about its potential repeal. Experts advise homeowners to act quickly to take advantage of these benefits before any changes occur.
Buddy Carter
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lawmakers urge investigation into pharmacy benefit managers role in opioid crisis
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