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G_j

(40,366 posts)
Mon Dec 12, 2011, 02:07 PM Dec 2011

No Surprise 30 Big Corporations Spent More Lobbying Washington Than They Paid In Income Taxes

http://thinkprogress.org/economy/2011/12/07/383779/30-big-corporations-taxes-lobbying/

Between 2008 And 2010, 30 Big Corporations Spent More Lobbying Washington Than They Paid In Income Taxes

By Zaid Jilani on Dec 7, 2011 at 10:35 am

Today, thousands of 99 Percenters will march on K Street in Washington, D.C. as a part of an action called “Take Back The Capitol,” taking aim at the lobbying firms that corporate interests use to influence the federal government.

A report released this month by Public Campaign demonstrates just how important it is for Americans to battle corporate special interests and reclaim our democracy. The group’s research finds that thirty big corporations actually spent more money lobbying the federal government between 2008 and 2010 than they spent in taxes. For example, General Electric — one of the top 10 most profitable companies in the world — got a net tax rebate of $4.7 billion during this period. Meanwhile, it spent $84 million lobbying the federal government.

Here’s the full list of the 30 corporations identified and what they paid in federal taxes as opposed to lobbying:


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No Surprise 30 Big Corporations Spent More Lobbying Washington Than They Paid In Income Taxes (Original Post) G_j Dec 2011 OP
Kicked and recommended. Uncle Joe Dec 2011 #1
Not to worry our fine crop of politicians will spurn their bribes...er, campaign contributions. K&R Tierra_y_Libertad Dec 2011 #2
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