The pension funds of the United States’ largest companies, General Electric, AT&T, Boeing, Exxon Mobil, Ford Motor, IBM, JP Morgan Chase, and Lockheed Martin are underfunded. The S&P 500 companies are shy $355 billion, overall, in their pension plans.

As corporations such as General Electric cut their tax deductible pension contribution, these lower deductions may mean higher tax bills for the corporations.

Corporations that own Captive Insurance Companies in Vermont, as an example, Chevron Corporation owns the Iron Horse Insurance Co., and in Bermuda, Chevron Corporation owns the Heddington Insurance Limited and Insco Limited must increase their insurance company operating profits.