Wednesday, December 7, 2011

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
General Electric spent more lobbying the government than it did in federal income taxes between 2008 and 2010.
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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4 comments:

  1. hard working driverDecember 10, 2011 at 2:07 AM

    Thats great another fucken lie from Conway paying lobbist to keep us down. Im tired of all this bullshit from a ULA driver in the Springs ready to take charge and help organize for a better future for all hard working conway employees.

    ReplyDelete
  2. cftwDecember 11, 2011 at 8:24 AM

    29 Major Corporations Paid No Federal Taxes, 2008-2010

    Of the 30 companies analyzed in the report, which include corporate giants such as General Electric, Verizon Communications, Wells Fargo (WFC), Mattel (MAT) and Boeing (BA), 29 of them managed to pay no federal taxes from 2008 to 2010. Only FedEx, which raked in about $4.2 billion in profits during that period, paid a three-year tax rate of 1 percent -- totaling $37 million -- far less than the statutory federal corporate tax rate of 35 percent.

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  3. f-uconDecember 12, 2011 at 1:19 PM

    conway, the "Welfare Queen" of the trucking business.where are the jobs conway. tax breaks create jobs is one big lie.the lean system is nothing but exploitation of workers.

    ReplyDelete
  4. f-uconDecember 19, 2011 at 1:03 PM

    COLUMN-The corporations that occupy Congress: Johnston

    18 Dec 2011 21:24

    Source: reuters // Reuters

    (The author is a Reuters columnist. The opinions expressed are his own. Repeating to a wider audience)

    By David Cay Johnston

    Dec 16 (Reuters) - Some of the biggest companies in the United States have been firing workers and in some cases lobbying for rules that depress wages at the very time that jobs are needed, pay is low and the federal budget suffers from a lack of revenue. READ MORE http://www.trust.org/trustlaw/news/column-the-corporations-that-occupy-congress-johnston

    ReplyDelete