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10 February 2000
HON. RON PAUL
IN THE HOUSE OF REPRESENTATIVES
Thursday, February 10, 2000
2000 Ron Paul 6:1
Mr. PAUL. Mr. Speaker, I rise to introduce the Pharmaceutical Freedom Act of 2000. This legislation ensures that millions of Americans, including seniors, have access to affordable pharmaceutical products. My bill makes pharmaceuticals more affordable to seniors by reducing their taxes. It also removes needless government barriers to importing pharmaceuticals and it protects Internet pharmacies, which are making affordable prescription drugs available to millions of Americans, from being strangled by federal regulation.
2000 Ron Paul 6:2
The first provision of my legislation provides seniors a tax credit equal to 80 percent of their prescription drug costs. As many of my colleagues have pointed out, our nations seniors are struggling to afford the prescription drugs they need in order to maintain an active and healthy lifestyle. Yet, the Federal Government continues to impose taxes on Social Security benefits and limits senior citizens ability to earn additional income by reducing Social Security benefits if a senior exceeds the earnings limitation. Meanwhile, Congress continually raids the Social Security trust fund to finance unconstitutional programs! It is long past time for Congress to choose between helping seniors afford medicine or using the Social Security trust fund as a slush fund for big government and
2000 Ron Paul 6:3
Mr. Speaker, I do wish to clarify that this tax credit is intended to supplement the efforts to reform and strengthen the Medicare system to ensure seniors have the ability to use Medicare funds to purchase prescription drugs. I am a strong supporter of strengthening the Medicare system to allow for more choice and consumer control, including structural reforms that will allow seniors to use Medicare funds to cover the costs of prescription drugs.
2000 Ron Paul 6:4
In addition to making prescription medications more affordable for seniors, my bill lowers the price for prescription medicines by reducing barriers to the importation of
2000 Ron Paul 6:5
The Pharmaceutical Freedom Act also protects consumers access to affordable prescription drugs by forbidding the Federal Government from regulating any Internet sales of
2000 Ron Paul 6:6
In conclusion, Mr. Speaker, I urge my colleagues to make pharmaceuticals more affordable and accessible by lowering taxes on senior citizens, removing barriers to the importation of pharmaceuticals and protecting legitimate Internet pharmacies from needless regulation by cosponsoring the Pharmaceutical Freedom Act of 2000.