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The Hill's Congress Blog: "Sen. Paul’s April Fool’s Day award"

04/14/2014

The Hill's Congress Blog: "Sen. Paul’s April Fool’s Day award"

On April 1, the Senate Permanent Subcommittee on Investigations chaired by Sen. Carl Levin (D-Mich.) held hearings regarding Caterpillar Inc.'s “supply chain restructuring” that enabled it to avoid paying about $2.4 billion in U.S. taxes between 2000 and 2012, writes Pace University professor Philip G. Cohen on The Hill's Congress Blog.  At the hearing were executives from Caterpillar Inc., representatives from its auditing firm and advisor, PriceWaterhouseCoopers ("PwC"), and tax law experts.

While many Republican senators on the Subcommittee distanced themselves from the Subcommittee Report finding considerable fault by Caterpillar, Sen. Rand Paul's (R-Ky) comments that Caterpillar deserved an award for its actions were egregious.

Read more: http://thehill.com/blogs/congress-blog/economy-budget/203336-sen-pauls-april-fools-day-award