As one CEO lectured the senators about fiscal responsibility, compromise and shared sacrifice, an aide to Reid passed the majority leader a note saying that the CEO’s company had paid an effective tax rate of zero for the past year, according to a source in the meeting. Reid showed the note to Schumer, sitting next to him. “Don’t do it, Harry,” Schumer whispered, trying to head off one of Reid’s famously biting rebuttals. Reid bit his tongue, but the credibility of the corporate titans had been undone.
Interesting article about blow back to financial CEOs lobbying but those lines especially resonated