» 30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008-2010 (a.k.a. My list of 30 companies I'll no longer be investing in)
“In fact, the 30 big corporations paid more to lobby Congress than they
paid in federal income taxes for the three years between 2008 and 2010,
despite being profitable. During a period when companies posted three-
year U.S. profits ranging from $286 million (ConLWay) to $49 billion
(Wells Fargo) and totally $164”billion altogether, all but one company in
this group paid no federal income taxes at all.
Instead these 30 companies spent large sums on lobbying, from
$710,000 (Intergrys Energy Group) to $84 million (General Electric).”
So, yeah, I’m glad Comcast owns the majority of us now.
