Casino mogul Sheldon Adelson’s backing of GOP presidential candidate Mitt Romney may not just make political sense for the billionaire — it may also be in his best interest financially.
Adelson has vowed to spend as much as $100 million to help sway the 2012 election. According to a new report by Seth Hanlon, the director of fiscal reform at the Center for American Progress Action Fund, Adelson could turn that investment into a $2 billion tax cut if Romney is elected.
via Sheldon Adelson Stands To Get $2 Billion Tax Cut If Mitt Romney Is Elected: Report.
This is actually worse than the ROI on many forms of lobbying.
One thought on “It’s not a campaign contribution, it’s an investment in “job creation” (and “speech” creation)”
I saw this story on cable news, but I’m glad you’ve posted about it here too.