Thursday, August 07, 2008

Senator Obama's Windfall Profit Tax Will Hurt the Chicago Teacher's Pension Fund

The Chicago Teacher's Pension Fund (CTPF) 2007 annual report has as their motto, "Caring for Teachers...Preparing for the Future".

If Senator Obama gets his way in taxing "Big Oil" on their "windfall profits", they will have to be "Preparing for the Future" with a lot less income from their #1 investment. That's because the CTPF holds over $122 million of Exxon stock, making it the #1 domestic equity holding:

Top Ten Domestic Equity Holdings As Of June 30, 2007


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