And the organization told me that 30 percent of their money does, in fact, come from labor unions. And so I didn’t see any evidence at all that there was an Employment Policies Institute office. Human beings routinely balance a multitude of interests—I am, for example, a parent, a spouse, a teacher, a writer. —behaves as if accumulating money is the paramount and unitary good.
As enacted, the Affordable Care Act contained a provision requiring the company to provide its employees with health insurance that includes all medically approved forms of contraceptive care. They believe that four of those methods are “abortifacients,” and claimed that the coverage mandate violated their rights under the Religious Freedom Restoration Act. The current U.S. tax code, as former representative Bill Frenzel puts it, “is a hopelessly complex mess, antithetical to growth, and is crammed with conflicting incentives.” Yet comprehensive tax reform has been a political impossibility for a long time. The tax code may be the most compelling example of how the increased particularism of business lobbying undermines the interests of business as a community. Most everyone in the business community realizes that the U.S. tax code is, as a whole, bad for the economy.
Corporations have been located in executive departments (e.g., the St. Lawrence Seaway Development Corporation in the Department of Transportation), or assigned independent status (e.g., the Export-Import Bank). Government corporations have been structured so that they are but financial entities whose employees are actually employees of the parent agency (e.g., the Federal Financing Bank in the Department of the Treasury and the Commodity Credit Corporation in the Department of Agriculture). The continuing interest in the government corporation prompts questions as to their legal character, their utility vis-à-vis traditional agencies, and their limitations as units of governmental institutions. A government corporation is not always an the optimal administrative entity for achieving governance objectives. There are times when it may be an appropriate choice and times when it may not.
The company equity needs to be majority owned by the government to be a PSU. Examples are Life Insurance Corporation of India, Oil and Natural Gas Corporation, Engineers India Limited, India Trade Promotion Organization, GAIL, BSNL, Food Corporation of India, Air India, and Bharat Heavy Electrials Limited . In the postwar years, Hong Kong’s colonial government operated under a laissez-faire economic philosophy called positive non-interventionism. Hence Crown corporations did not play as significant a role in the development of the territory as in many other British territories. Ministers of the Crown often control the shares in such public corporations, while parliament both sets out the laws that create and bind Crown corporations and sets their annual budgets. The Supreme Court’s ruling implied that partial federal ownership of a corporation, in this instance the Bank of the United States, assigned the corporation certain attributes normally reserved to the sovereign authority (e.g., non-taxable status).
Even if fellow business leaders did agree with Stebbens that their K Street lobbyists were indeed “part of the problem,” it seems unlikely that they would tell them all to go home. Large companies are unlikely to risk ceding any political advantages to competitors. After all, if they’ve invested significant resources in politics, they’ve surely been convinced that engagement is important. Especially when political engagement still remains cheap relative to what is at stake. As a result, members of Congress have done impressive work on behalf of particular companies and particular industries.
Service made on the secretary of state under this section is returnable not earlier than the 30th day after the date of service. The appointment of a registered agent terminates on the 31st day after the date the secretary of state receives the notice of resignation that complies with this section. The corporation may issue the refunding bonds in exchange for outstanding bonds or may sell the refunding bonds and use the proceeds to redeem outstanding bonds. All expenses incurred in carrying out the trust agreement may be treated as a part of the cost of operating the project.