Tax Bill

The Wall Street Journal (November 26, 2005) reports that a "coalition of companies led by Microsoft Corp., Boeing Co., United Technologies Corp., Electronic Data Systems Corp., and Guidant Corp.," are using lobbyist to create 9.9 billion tax break (one year) for "high-tech companies, manufacturers and pharmaceutical companies." The bill has been "attached to a broader tax bill Congress expects to approve next month." One lobbyist even appears to threaten Congress. Working for the Information Technology Industry Council, which represents the high-tech sector, he explains that "This is a factor when companies decide whether to build in the U.S. or go abroad."