July 5, 2023
Over the last few years, in the face of withering attacks from the left and increasing government controls on our health care system, Republicans have put less emphasis on the importance of a strong U.S. biotech sector.
But as China works to aggressively expand its medical industry and increase America’s dependence on China‘s biotech sector, conservatives can’t afford to lose sight of the critical role that homegrown innovation and free-market dynamics can play in keeping America safe, strong and prosperous.
That’s why Consumer Action for a Strong Economy — an advocacy group I co-founded to fight for American consumers through free-market policies — conducted a national survey this past month of likely voters including Republicans and Republican-leaning independents to understand how they view this evolving landscape. We found that Republican voters have awakened to this reality.
The poll presented these voters with 11 factual arguments in favor of free-market biotech policies to reduce red tape, reform the tax code, and protect intellectual property rights. Our research found that — despite the new populist conventional wisdom on the right — overwhelming majorities of right-leaning voters affirmed that these policies were necessary to keep us secure against the threat from China and create American jobs.
Over 80% of these voters supported these policies to bolster American biotech manufacturing, end dependence on China, and account for the enormous harm China’s intellectual property theft inflicts upon U.S. biotech companies and our economic future. Meanwhile, around three-quarters agree with a free-market approach to protect against unsafe Chinese counterfeit drugs and to make sure the United States remains the leader in biotech innovation.
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