Friday, May 01, 2009

Investments Can Yield More on K Street, Study Indicates


It is about time that companies returned to business, not business as usual.

This is very, very, very bad governance!

Onésimo Alvarez-Moro

See article:
One Tax Break Brought Companies 22,000% Rate of Return on Lobbying Costs

In a remarkable illustration of the power of lobbying in Washington, a study released last week found that a single tax break in 2004 earned companies $220 for every dollar they spent on the issue -- a 22,000 percent rate of return on their investment.

The study by researchers at the University of Kansas underscores the central reason that lobbying has become a $3 billion-a-year industry in Washington: It pays. The $787 billion stimulus act and major spending proposals have ratcheted up the lobbying frenzy further this year, even as President Obama and public-interest groups press for sharper restrictions on the practice.

See full Article.