Campaign Contributions from Beneficiaries of the Proposed Repatriation Tax Holiday

Jeffrey ErnstFriedman | November 18, 2011

Nov 18, 2011 - Members of the Joint Select Committee on Deficit Reduction, also known as the "Super Committee," are hopeful that a repatriation tax holiday allowing domestic companies to claim profits made overseas at reduced tax rates will boost the economy by encouraging capital investment and job growth here in the United States. A similar proposal was enacted in 2004 (P.L. 108–357), however, and, according to a May 2011 report by the Congressional Research Service, "while empirical evidence is clear that this provision resulted in a significant increase in repatriated earnings, empirical evidence is unable to show a corresponding increase in domestic investment or employment."

The report highlights 12 companies that took advantage of the tax holiday but did not increase employment, and in most cases reduced employment, in the years following taking advantage of the tax holiday. Below is MapLight's analysis of campaign contributions to members of the Super Committee from PACs and employees connected to the companies mentioned.

  • Read the CRS report here; download the spreadsheet here.
Contributing Organization (PAC/Employees)Total Contributions (Jan. 1, 2001 - Jun. 30, 2011)
Merck and Company$161,525
Motorola Solutions$89,296
National Semiconductor$10,575
Procter & Gamble$187,370
Total $2,121,341

RecipientOrganizationTotal (Jan. 1, 2001 - Jun. 30, 2011)
Christopher Van HollenCitigroup$8,000
 Merck and Company$1,000
 Motorola Solutions$2,000
 Procter & Gamble$1,000
     Van Hollen Total  $47,500
David CampCitigroup$50,800
 Merck and Company$26,000
 Motorola Solutions$4,500
 National Semiconductor$2,000
 Procter & Gamble$18,000
     Camp Total $219,084
Frederick UptonFord$70,600
 Merck and Company$22,000
 Motorola Solutions$19,996
 Procter & Gamble$6,000
     Upton Total $183,196
James ClyburnCitigroup$16,000
 Merck and Company$26,500
 Motorola Solutions$19,500
     Clyburn Total  $151,464
Jeb HensarlingCitigroup$22,750
 Motorola Solutions$1,000
     Hensarling Total  $63,750
John KerryCitigroup$271,181
 Merck and Company$20,000
 Motorola Solutions$18,300
 National Semiconductor$8,575
 Procter & Gamble$13,950
     Kerry Total  $715,652
Jon KylCitigroup$67,050
 Merck and Company$7,500
 Motorola Solutions$9,500
 Procter & Gamble$8,500
     Kyl Total  $135,900
Max BaucusCitigroup$45,400
 Merck and Company$30,900
 Motorola Solutions$4,500
 Procter & Gamble$12,800
     Baucus Total  $188,150
Patrick ToomeyCitigroup$12,700
 Merck and Company$4,400
 Motorola Solutions$2,000
 Procter & Gamble$7,000
     Toomey Total  $35,100
Patty MurrayCitigroup$3,050
 Merck and Company$13,500
 Motorola Solutions$7,000
 Procter & Gamble$5,000
     Murray Total $78,350
Robert PortmanCitigroup$74,400
 Merck and Company$6,225
 Procter & Gamble$114,120
     Portman Total $239,195
Xavier BecerraCitigroup$15,000
 Merck and Company$3,500
 Motorola Solutions$1,000
 Procter & Gamble$1,000
     Becerra Total $64,000
Grand Total $2,121,341

METHODOLOGY: Campaign contributions to the 12 members of the Joint Select Committee on Deficit Reduction from PACs and employees affiliated with the 12 organizations mentioned in a May 2011 CRS Report entitled "Tax Cuts on Repatriation Earnings as Economic Stimulus: An Economic Analysis." Those companies are Citigroup, Colgate-Palmolive, Ford, Hewlett-Packard, Honeywell, IBM, Merck and Company, Motorola Solutions, National Semiconductor, PepsiCo, Pfizer, and Procter & Gamble. Contributions data provided by the Center for Responsive Politics (