She wants to create a lockbox fund for tax revenue generated
from opioid surcharges that drug manufacturers now have to pay.
Sitting beside fellow Republican Sen. Terrence Murphy, Killian says having a lockbox will make sure the money received
from the opioid surcharge will actually be used to fight addiction and fund treatment programs.
Not exact matches
The budget includes taxes on «windfall» profits of health insurance companies that have benefitted
from the December tax law and a
surcharge on drug companies that manufacture
opioids.
To raise revenues, Cuomo proposed requiring extending sales tax collections on online sales, imposing a
surcharge on certain health insurers who received a windfall
from federal tax cuts, tapping hundreds of millions of dollars in proceeds
from lawsuit settlements and raising taxes «e-cigarettes» and taxing
opioids (2 cents per milligram prescribed to go to anti-addiction programs).
While Senate Republicans take credit for beating back Cuomo tax hikes, Friedfel said nearly $ 621 million is coming
from new revenue actions, including the
opioid surcharge and the Fidelis insurance levy.
Geoff Berman, in an email, accused DeFrancisco of «taking money
from trial lawyers to stop tort reform and getting money
from health care companies and
opioid manufacturers to oppose the proposed
surcharge against them.»