A report released by the Public Campaign examines 30 top corporations. Some key findings:
- 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.
The full report (available here) seems pitched to the OWS/99 percenters. But it should be of interest to anyone concerned with corporate welfare, crony capitalism, and the sloppy corporatism that has flourished in the US regardless of partisan control of our national institutions.