In the past 3 yrs, 30 big corps paid more lobbist fees than taxes

[housewolf]

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:

<snip>

see the chart & read the rest:
http://thinkprogress.org/economy/2011/12/07/383779/30-big-corporations-taxes-lobbying/

[msongs]

1. sounds like a nice cause and effect relationship does it not? nt

[WCGreen]

2. And so where are the jobs....

The only jobs created by the big 30 is that on K Street....

[enough]

3. k&r (nt)

[fasttense]

4. Some of them got subsidies or tax rebates and paid no taxes.

So we are actually funneling our tax dollars to them.

Maybe in the future we should just make our tax payments directly to GE and get rid of the middle man.

[66 dmhlt]

5. Some?!? 29 out of 30 - that's 97% - got tax REBATES!

Only FedEx actually paid any taxes. The rest all NEGATIVE payments.

[housewolf]

6. It:s sick, isn't it?

Our tax dollars pay for lobbyists to petition our congressional reps to legislate in their favor against us. I have to words to describe what this is.