For Hire: Lobbyists or the 99 %

Vous pensez que notre démocratie a des défaillances, examiner celle des États-Unis, les multinationales dépenses plus en lobby’s qu’en impôts.

Essayer de justifier cela aux 46 millions de pauvres américains, l’oligarchie à son meilleur et dîtes-vous pourquoi le Congrès ne correspond plus aux attentes du peuple, mais plutôt à celle des multinationales.


Extrait de: 30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008-2010, By Ashley Portero, International Bussiness Times, December 9, 2011

By employing a plethora of tax-dodging techniques, 30 multi-million dollar American corporations expended more money lobbying Congress than they paid in federal income taxes between 2008 and 2010, ultimately spending approximately $400,000 every day -- including weekends -- during that three-year period to lobby lawmakers and influence political elections, according to a new report from the non-partisan Public Campaign.

The Public Campaign, a non-partisan research and advocacy organization, reports 30 major U.S. corporations spent more money lobbying Congress than they did on federal income taxes between 2008 and 2010.

Despite a growing federal deficit and the widespread economic stability that has swept the U.S since 2008, the companies in question managed to accumulate profits of $164 billion between 2008 and 2010, while receiving combined tax rebates totaling almost $11 billion. Moreover, Public Campaign reports these companies spent about $476 million during the same period to lobby the U.S. Congress, as well as another $22 million on federal campaigns, while in some instances laying off employees and increasing executive compensation.

C’est comme nos banques canadiennes, ils font plus de 24 milliards de profits dans une année, et le fédéral fait plus de 34 milliards de déficit, chercher l’erreur ?


Executive Summary

Amidst a growing federal deficit and widespread economic insecurity for most Americans, some of the largest corporations in the country have avoided paying their fair share in taxes while spending millions to lobby Congress and influence elections. This report builds on a recent report on corporate tax dodging by Citizens for Tax Justice by examining lobbying expenditure data provided by the Center for Responsive Politics. We also look at publicly available data on job creation, federal campaign contributions, and executive compensation, to understand how these corporations have been spending their cash.

Key Findings

The thirty big corporations analyzed in this report paid more to lobby Congress than they paid in federal income taxes for the three years between 2008 and 2010, despite being profitable.

Despite making combined profits totally $164 billion in that three-year period, the 30 companies combined received tax rebates totaling nearly $11 billion.

Altogether, these companies spent nearly half a billion dollars ($476 million) over three years to lobby Congress—that's about $400,000 each day, including weekends.

In the three-year period beginning in 2009 through most of 2011, these large firms spent over $22 million altogether on federal campaigns.

These corporations have also spent lavishly on compensation for their top executives ($706 million altogether in 2010).

Introduction

Lobbyist or the 99 % - 2Over the past few months, a growing protest movement has shifted the debate about economic inequality in this country. The American people wonder why members of Congress suggest cuts to Medicare and Social Security but won't require millionaires to pay their fair share in taxes.

They want to know why they are struggling to find jobs and put food on the table while the country's largest corporations get tax breaks and sweetheart deals, then use that extra cash to pay bloated bonuses to CEOs or ship jobs overseas.

As lobbying and campaign finance records show, they are sending some of this money back to Washington— but to peddle influence.

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 (Con-Way) 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).

Altogether, these companies spent half a billion dollars ($476 million) over those three years to lobby Congress—or, in other words, roughly $400,000 each day, including weekends.

Source: For Hire: Lobbyists or the 99%?, A report by Public Campaign, December 2011