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 .....
Quick Facts on General Electric
Campaign Contributions: Total Over 10 Years (2001-2010), $13 million
Lobbying Expenditures: Total Over 10 Years (2001-2010), $205 million
Government Contracts: $3.9 billion in 2008; $24 billion from 2000-2008
Taxes Paid in the Last 5 Years: $0
Profits Over Last 5 Years: $26 billion
Tax Refund for Last 5 Years: $4.1 billion
The Artful Dodgers: Telecommunications and Technology | Public Campaign