We at CFIF often highlight the clear and present danger that drug price control schemes pose to American…
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New Lung Cancer Breakthrough Illustrates the Potential Peril of Drug Price Controls

We at CFIF often highlight the clear and present danger that drug price control schemes pose to American consumers, who benefit from our private pharmaceutical sector that leads the world - by far - in innovation.  A new lung cancer treatment breakthrough in the form of Amgen's Lumakras illustrates that interrelationship.

Simply put, Lumakras reduced the risk of progression by 34% compared to chemotherapy in patents with advanced lung cancer, which is particularly welcome considering lung cancer's especially low survival rate (18.6% over five years, and just 5% for advanced forms).  The breakthrough required years of research and enormous amounts of investment, however, which The Wall Street Journal notes makes Lumakras the type of innovation put at risk by new drug price controls…[more]

September 22, 2022 • 05:06 PM

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Thursday, September 18 2014

An attorney who works for the IRS' professional conduct office – the watchdog charged with ensuring that all tax professionals "adhere to professional standards and follow the law" – may lose her law license as a result of unethical behavior.

Takisha McGee, a section manager in the IRS Office of Professional Responsibility has been accused of professional misconduct stemming from a personal injury case she worked prior to joining the tax agency.  According to news reports, McGee allegedly lied to a court-appointed board and hid money from a settlement that was supposed to go to two medical providers who treated her client.

Ironically, McGee, who may lose her law license over the charge, recently gave a speech to the Florida bar titled, "When your license to practice before the IRS is on the line.”

While records on the recommended disbarment are already public, an IRS spokesman cited privacy rules in saying the agency was unlikely to comment.

McGee called the disbarment recommendation the result of a “one-time mistake,” and noted that her current situation gives her a better understanding of the experiences of professionals facing disbarment or suspension proceedings.

Source: The Washington Times

Quiz Question   
Which one of the following U.S. Presidents signed the executive order establishing the Federal Emergency Management Agency (FEMA)?
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Notable Quote   
 
"The Internal Revenue Service (IRS) sent over $1.1 billion in child tax credit payments to incorrect recipients during the COVID-19 pandemic, according to an audit by the Department of the Treasury's Inspector General (IG) for Tax Administration on Tuesday.The IRS sent the payments to 1.5 million people between July and November of 2021 during the pandemic, according to the audit. Additionally, the…[more]
 
 
—Arjun Singh, The Daily Caller News Foundation
— Arjun Singh, The Daily Caller News Foundation
 
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