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:
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
Posted by Porkopolis at 8/07/2008 01:34:00 PM
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