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Mylan pushed for law to make EpiPens mandatory in US schools — then fled overseas to avoid taxes

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EpiPens are mandatory for public schools in at least 11 states after Congress passed a law recommending their use — but the drug’s manufacturer pays no U.S. taxes at all after relocating overseas.

Mylan spent $4 million lobbying Congress to pass the 2013 School Access to Emergency Epinephrine Act, which offers incentives to schools to stock the potentially life-saving auto-injectors.

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About a year and a half later, Mylan completed a corporate inversion to change its legal residence to the Netherlands, a tax haven, while keeping its headquarters and most of its employees in the Pittsburgh area.

The move allowed Mylan to cut its U.S. effective tax rate from 9.4 percent in 2013, the year Congress helped protect its market dominance, to negative 4.7 percent in 2015, according the group Americans For Tax Fairness.

Mylan’s worldwide effective tax rate fell after moving to the Netherlands from 16.2 percent to 7.4 percent — even as its global profits shot up by 22.5 percent between 2013 and 2015.

The company receives millions in U.S. taxpayer funding through federal programs such as Medicaid and the Children’s Health Insurance Program, which has helped offset consumer costs as Mylan has jacked up EpiPen prices.

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EpiPens now cost $609, more than twice the $265 rate in 2013 and more than five times higher than their $104 cost in 2009, not long after the company acquired the drug from the German drugmaker Merck.

The company’s CEO, Heather Bresch, has raised her own pay at similar rates to the drug she lobbied Congress to promote through federal law.

Bresch took home $4.9 million in 2009, but last year she made $13.1 million — and the year before, when she moved Mylan overseas after securing the Emergency Epinephrine Act, she made a whopping $25.8 million.

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The CEO’s father, U.S. Sen. Joe Manchin (D-WV), was not among the 27 Democratic sponsors of the bill — which also drew 10 Republican co-sponsors and one independent.

The pharmaceutical company’s “EpiPen4Schools” program, which started in August 2012, before the bill was passed but after it was introduced, offers free or discounted EpiPens to schools with one catch.

To qualify for the discounted $112.10 price, schools must agree not to purchase similar products — such as the lesser known Adrenaclick — from Mylan’s competitors.

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A spokesperson for the company said the competition requirement was no longer part of the program and did not say when it was ended, but it was apparently still shown on order forms as recently as June 2015, STAT reported.

Mylan also helps keep the drug’s price artificially high by funding Snack Safely, the public relations arm of the nonprofit Food Allergy Research and Education group.

Snack Safely publishes social media-ready blog posts promoting Mylan’s interests — such as arguing against a petition drive to make EpiPens available over-the-counter, which would dramatically cut its cost.

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Watch Bresch discuss Mylan’s corporate inversion in this 2015 interview with Fortune:

READ MORE:

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… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

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Twitter mocks ‘gibbering conspiracy loon’ Trump after he claims Google rigged the election

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On Monday, President Donald Trump made the dubious claim that Google had tried to sway the election for Hillary Clinton.

"My victory was even bigger than thought!" the president proclaimed.

Wow, Report Just Out! Google manipulated from 2.6 million to 16 million votes for Hillary Clinton in 2016 Election! This was put out by a Clinton supporter, not a Trump Supporter! Google should be sued. My victory was even bigger than thought! @JudicialWatch

— Donald J. Trump (@realDonaldTrump) August 19, 2019

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Paul Krugman hilariously roasts Trump economic adviser for decades’ worth of terrible predictions

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Nobel Prize-winning economist Paul Krugman on Monday set his sights on Trump economic adviser Larry Kudlow, who himself is not actually an economist, for making decades' worth of terrible predictions.

Writing on Twitter, Krugman concedes that making predictions is a difficult business and he admits to making his own bad predictions in the past.

However, he then explains that Kudlow is unique because he's been making the same false prediction for decades -- namely, about tax cuts for the ultra-rich producing economic miracles.

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Twitter admits China has created hundreds of fake accounts to undermine Hong Kong protests

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Twitter on Monday admitted that China had created hundreds of fake accounts aimed at undermining the protests in Hong Kong that have gripped the city in recent weeks.

Specifically, Twitter found that at least 936 different accounts had been created within the People's Republic of China that have been "deliberately and specifically attempting to sow political discord in Hong Kong, including undermining the legitimacy and political positions of the protest movement on the ground."

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