Lobbying Yields $22,000

by James & Miel on April 11, 2009 · 0 comments

A new article from the Kansas City Star has come out. Evidently corporate lobbying has a huge return on investment realized in the form of corporate tax savings. It’s unfortunate that govenrment policies have such an effect on corporate wealth. From the article:

Three professors at the University of Kansas say dozens of America’s largest companies got that sweet deal four years ago — not by hiring workers or purchasing new equipment, but by investing in Washington lobbyists.

Those lobbyists, the three said, helped write a federal tax break that eventually put roughly $100 billion in tax savings in the pockets of the firms and their shareholders, at a cost to the companies of just pennies on the dollar. KCS.

Like DINKS? Subscribe!


Subscribe to get the latest DINKS Finance content by email.

Powered by ConvertKit

{ 0 comments… add one now }

Leave a Comment

This blog is kept spam free by WP-SpamFree.

Previous post:

Next post: