Maybe Eric Schmidt, Sheryl Sandberg, and Elon Musk Just Really Like Butte, Montana

BY DAVID DAYEN

The CEOs of the nation’s largest companies typically don’t have a reason to fly to Butte, Montana. But that’s where they are this week, a who’s who of corporate America, participating in the Montana Economic Development Summit, billed as an effort to “boost our state’s economy by finding Montana solutions for Montana jobs.” That may sound like a regional concern, but the non-Montana titans of industry in attendance include Google CEO Eric Schmidt; Facebook COO Sheryl Sandberg; Tesla Motors CEO Elon Musk; and many more, including executives from Ford, Boeing, Hewlett-Packard, ConocoPhillips, Oracle, FedEx and Delta Airlines. Sponsors of the event include even more behemoths, like Walmart, Pfizer, Pepsi, Microsoft, Nike, Lockheed Martin and dozens more.

How can a local Montana jobs summit attract the giants of American commerce, few of whom have any business interests in the state? Well, the convener of the event, Max Baucus, happens to chair the Senate Finance Committee, the key tax-writing panel in the upper chamber. And when he throws an event, nominally about “bringing jobs to Montana,” corporate America recognizes that this gives them another opportunity to dole out favors to the senator who wants to lead a massive rewriting of the nation’s tax laws, designed to lower corporate rates and allow companies to bring back money stashed overseas with impunity. In fact, every corporation associated with the Montana Economic Development Summit has a stake in the tax reform debate, and most have officially lobbied for favorable treatment. Considering the tens of billions that these companies stand to gain if they are successful, a couple days in Butte doesn’t sound like such a bad trade.