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Lobbying Pays: University of Kansas researchers, reporting in April, disclosed that a single tax provision in a 2004 law (allowing U.S. multinational corporations to avoid federal tax on foreign profits) gained a typical company $220 for every $1 the company had spent lobbying Congress to enact that provision. Among the big winners was the Eli Lilly pharmaceutical company, which disclosed spending $8.5 million to lobby for the law and gaining a tax break of more than $2 billion. (The lobbying emphasized that the lower tax would enable the companies to create more jobs, but the Congressional Research Service found that most of the tax savings went to pay dividends or buy back company stock.) [Washington Post, 4-12-09]
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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