Deficit-cutting proposals could cost pharma jobs

12/5/2011 | Medical Marketing & Media

Though the pharmaceutical industry is a major employer in the U.S., Republican and Democratic lawmakers have proposed policies that critics say would cost jobs. One proposal to revoke tax deductions for pharma advertising likely would not withstand a constitutional challenge if implemented but would cost jobs until the matter is settled, says John Kamp, executive director of the Coalition for Healthcare Communication. "This could be the most damaging suppressant of economic activity ever," Kamp said.

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