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National Journal's Under the Influence

Friday, April 10, 2009 9:25 AM

From this week's National Journal: (subscription)

Shake-Up At Public Integrity?
In the latter years of the Bush administration, the Justice Department's Public Integrity Section appeared to be one relatively bright spot at an often-criticized agency. But Public Integrity's reputation took a huge hit in early April when Attorney General Eric Holder announced he would ask a federal court to dismiss all criminal charges against former Sen. Ted Stevens, R-Alaska, who was convicted last fall on ethics violations. As a result, the government might find it harder to bring corruption charges in the future, writes Peter Stone. Full story here.

Business Bracing For Tax Battle
The business community is bracing for a major fight over President Obama's pledge to end tax breaks "for corporations that ship our jobs overseas" as he seeks revenues to pay for his ambitious -- and expensive -- domestic policy agenda. Obama has been short on specifics. But the corporate world is expecting that in his more detailed budget, scheduled for release within weeks, the president will curb the decades-old rule that allows U.S. companies to defer taxes on their overseas profits -- which their host countries already tax -- unless the companies bring their profits home, says Peter Cohn. Full story here.

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