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BusinessPolicies & Politics

Big Corporations Spend More Lobbying Congress than Paying Taxes

 

Is there any wonder corporations lobby so much? They can get killer tax breaks, billions in tax breaks, for spending millions on lobbying.

“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,” Think Progress reports.

“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.”

Shameful, to say the least. Immoral times 10. Makes me feel ashamed to be an American. Here’s more detail on corporate taxes paid received and corporate lobbying expenditures.




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