How a Dozen Multinational Corporations Spent a Billion Dollars on Lobbying and Campaign Contributions and Avoided Paying Taxes
Twelve large American corporations have been identified by news reports, nonprofit organizations, and elected officials as paying little or no federal income taxes. Collectively, these one dozen corporate tax dodgers have benefited dramatically – in tax loopholes, bailouts, and subsidies – from the more than $1 billion dollars they have invested into influencing Washington. As Americans pay their taxes this month, it is important to understand that our political system lets these corporations off the hook while the rest of us foot the bill.
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Lobbyists.info (15 March 11)