WASHINGTON, Oct. 22 (UPI) -- Billionaire investor Carl Icahn announced he is launching a $150 million super PAC to push for congressional changes to corporate tax law.
Icahn, in a letter to House and Senate leaders, said he wants Congress to pass legislation that will stop U.S. companies from moving profits overseas for lower tax rates, formally known as corporate tax inversions. He said lawmakers must be "accountable for the current gridlock in Congress that prevents important legislation from being passed."