Lobbying Yields $22,000

by Dual Income No Kids 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.

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