Icahn Says He's Forming $150 Million Super PAC To Fight Inversions

Financier Carl Icahn says he is forming a $150 million Super PAC aimed at ending the dysfunction in Congress. In a letter posted on his web site, Icahn said he'll take particular aim at corporate inversions, which are merger deals with a foreign company to switch the taxable domicile. Icahn says international tax reform would prevent further inversions, and he proposed a repatriation tax on the order of 5% to 10% that would also fund a highway infrastructure bill.