ABC News Chronicles Obama’s Work on Behalf of Lobbyists
July 29th, 2007
From ABC News:
Sphere: Related ContentBut last year, at the request of a hired representative for an Australian-owned chemical corporation Nufarm, Senator Barack Obama introduced nine separate bills exempting the company from import fees on a range of chemical ingredients it uses in the manufacture of pesticides and herbicides. Nufarm’s U.S. subsidiary is based in Illinois.
Nufarm wasn’t the only beneficiary of Obama’s efforts to reduce customs fees and duties. In early May of 2006, two Washington lobbyists registered to work on behalf of Astellas Pharma, a Japanese-owned drug company which also has offices in Illinois.
The lobbyists’ task? “Introduce legislation to temporarily suspend customs duties for the importation of a pharmaceutical ingredient,” they wrote on their lobbying forms. Less than three weeks later, the men had earned their $20,000 fee, thanks to Obama. On May 26, he introduced S. 3155, a bill specifically exempting Astellas’ key ingredient from tariff payments. The bill cost the federal government more than $1 million in lost revenue, according to government estimates.
Together, Obama’s obscure measures — known as tariff suspensions — steered more than $12 million away from federal coffers, according to government estimates.
Posted in Barack Obama, Election 2008 |
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