Reply #19: Eli Lilly.

[tanyev]

Eli Lilly and the Bush Family
The Bush family has been substantially invested in Eli Lilly for years.

After leaving the Central Intelligence Agency in 1977, George H.W. Bush was made a director of Eli Lilly. Future Vice President to Bush Dan Quayle's father, James C. Quayle, owned controlling interest in the Lilly company and the The Indianapolis Star at that time.

Bush actively lobbied both within and without the Reagan Administration as Vice President in 1981 to permit drug companies to sell obsolete or especially domestically-banned substances to Third World countries. While Vice President, Bush continued to act on behalf of pharmaceutical companies by personally going to the Internal Revenue Service for special tax breaks for certain drug companies, including Lilly, who were manufacturing in Puerto Rico.

In 1982, Bush intervened with the U.S. Department of Treasury in connection with proposed rules that would have forced pharmaceutical companies to pay significantly more taxes. Bush was personally ordered to stop lobbying the IRS on behalf of the drug companies by the U.S. Supreme Court.<24>

Bush stopped lobbying, but pharmaceutical interests still received a 23% additional tax break for their companies in Puerto Rico, who made these obsolete or banned American drugs for sale to Third World countries. Lilly's Puerto Rico-based affiliate now employs approximately 1,100 workers at three plants in Carolina and Mayagüez and 220 additional employees in its sales and marketing offices in San Juan.


http://en.wikipedia.org/wiki/Eli_Lilly_Controversy