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30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008-2010
International Business Times ^ | 12/9/11 | Ashley Portero

Posted on 12/12/2011 6:34:56 PM PST by Bokababe

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....

(Excerpt) Read more at ibtimes.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Front Page News; Politics/Elections
KEYWORDS: corporatetaxes; lobbying
I've got no problem with low taxes & profit making -- that's great -- but if these major corporations are spending MORE on lobbying than they are save on taxes, it's got to make you wonder what else they are getting to justify the expense.
1 posted on 12/12/2011 6:35:03 PM PST by Bokababe
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To: Bokababe

This is another reason I support a flat business tax, no subsidies or government policies that favor one company/industry over another.

Then there would be no reason to lobby government.


2 posted on 12/12/2011 6:47:32 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Bokababe

Don’t fall for this baloney. The majority of these are companies paying good dividends to shareholders. It was not long ago that people could have good retirement income by purchasing dividend paying stocks. If the people pushing this stuff have their way the only people able to retire will be “public servants.”


3 posted on 12/12/2011 6:52:53 PM PST by Kaisersrsic
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To: Bokababe

Don’t fall for this baloney. The majority of these are companies paying good dividends to shareholders. It was not long ago that people could have good retirement income by purchasing dividend paying stocks. If the people pushing this stuff have their way the only people able to retire will be “public servants.”


4 posted on 12/12/2011 6:52:53 PM PST by Kaisersrsic
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To: Bokababe

If this is how it’s done it’s because the power to regulate and tax has become so intrusive (as politicians discover how to finance their carriers) businesses have no choice. It’s pay to play conveniently packaged to foment class war. Nothing to do with ‘the rich manipulating the system’ or some such marxist tripe.


5 posted on 12/12/2011 6:54:32 PM PST by Track9
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To: GeronL
30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008-2010

If the government has the power of life and death over a corporation, of course they are going to pony up millions for lobbying. Its a clear case of self-defense.

Reduce the power of the federal government and you will instantly reduce corporate expenses for lobbying. Not to mention opportunities for corruption.

Limited government is better government in so many ways...

6 posted on 12/12/2011 6:56:31 PM PST by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: Track9
If this is how it’s done it’s because the power to regulate and tax has become so intrusive (as politicians discover how to finance their careers) businesses have no choice. It’s pay to play conveniently packaged to foment class war.

I agree, but if this is the case -- and I believe that it is -- then the system is broken at the government level -- and "Capitalism" is taking the hit for it.

When that happens, then people (Liberals) get fooled into putting more faith in "government regulating the greedy" -- when in fact it just makes the problem bigger and feeds more corruption in government.

7 posted on 12/12/2011 7:02:45 PM PST by Bokababe (Save Christian Kosovo! http://www.savekosovo.org)
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To: Bokababe
You got it.. it's basic liberal playbook. They've done it for fifty years because people (their constituents) are too brain dead (or simply don't work, work in gov. or some other protected class) to see beyond the talking points.

Societal evolution is very slow. And if it weren't for articulate spokesman like Rush or others, it would be even slower.

8 posted on 12/12/2011 7:13:21 PM PST by Track9
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To: Kaisersrsic
Don’t fall for this baloney. The majority of these are companies paying good dividends to shareholders. It was not long ago that people could have good retirement income by purchasing dividend paying stocks. If the people pushing this stuff have their way the only people able to retire will be “public servants.”

I agree, but people should be worried about the fact that these companies are spending this kind of money to lobby politicians. These companies aren't spending this kind of money without getting something in return.
9 posted on 12/12/2011 7:13:21 PM PST by af_vet_rr
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To: Bokababe

Corporations don’t pay ANY taxes, that haven’t first been paid by inflating the prices of their goods and services, for which THE CUSTOMER PAYS!


10 posted on 12/12/2011 7:15:11 PM PST by G Larry ("I dream of a day when a man is judged by the content of his Character.")
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To: Bokababe

>> By employing a plethora of tax-dodging techniques

An asinine premise that knows no reasonable bounds...

Taxation and fees should be limited to property, regulatory, use, and utility/communication. All employee related fees should be deducted off payroll.

I’d like an explanation as to why a corporation should pay income taxes?


11 posted on 12/12/2011 7:21:07 PM PST by Gene Eric (Save a pretzel for the gas jets.)
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To: GeronL

>> Then there would be no reason to lobby government.

Don’t forget about regulations.


12 posted on 12/12/2011 7:25:18 PM PST by Gene Eric (Save a pretzel for the gas jets.)
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To: Bokababe
I like either the Gingrich or Romney plan for corporate taxes.

Pay either 12.5% or 15% in a flat tax on profits...no deductions.

At least it's not a PROGRESSIVE tax. Everyone who buys from corporations will pay it. That's literally every man, woman and child in the USA. It's like a hidden sales tax.

Then eliminate the capital gains tax.

It's good business and good policy.

No more lobbying by everbody with time and money to lobby.

Then start the trials and hangings for the US Congress.

On the Capitol Steps.

13 posted on 12/12/2011 7:29:20 PM PST by Mariner (War Criminal #18)
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To: Gene Eric
I’d like an explanation as to why a corporation should pay income taxes?

Because if that happened, everyone would pay the $600 to incorporate themselves and then they wouldn't have to pay income taxes.

14 posted on 12/12/2011 7:32:27 PM PST by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: af_vet_rr

I understand why people worry that companies like these spend so much money on lobbying. But imagine if Pacific Gas and Electric, NiSource, Duke Energy, American Electric Power, and DTE did not spend big on lobbying. The democrat controlled Congress, during President Obama’s first two years, might have mandated that all new electric generation be from solar or pin-wheel-wind-farms. It can cost big money to keep Congress from destroying our Country.


15 posted on 12/12/2011 7:48:57 PM PST by Kaisersrsic
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To: P-Marlowe

The income is still recognized to the individual as a distribution through the K-1 in the case of Chapter S.

My comment, btw, concerned C corps.


16 posted on 12/12/2011 7:51:18 PM PST by Gene Eric (Save a pretzel for the gas jets.)
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To: Track9
"Societal evolution is very slow. . And if it weren't for articulate spokesman like Rush or others, it would be even slower."

Actually my favorite was when Peter Schiff went over to OWS with a sign that said, "I'm the 1%. Let's Talk". Schiff gave those who would never listen to Rush, a brilliant education on how capitalism works and on who was really screwing them over -- and it WASN'T "greedy Capitalist Pigs on Wall Street". He told them that the focus of their ire ought to be on Washington, DC, not Wall Street. There are some great videos of him there on youtube.

17 posted on 12/12/2011 7:51:48 PM PST by Bokababe (Save Christian Kosovo! http://www.savekosovo.org)
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To: Gene Eric

I would gladly pay more for goods and services if corporations were taxed and individuals were not.


18 posted on 12/12/2011 8:07:27 PM PST by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: Bokababe

“it’s got to make you wonder what else they are getting to justify the expense.”

In the case of Number ONE on the list, General Electric, they made out like BANDITS for getting Obama and Dems elected, using the Power of NBC, MSNBC, and all of the other companies and affiliates.

GE Capital alone got $140 BILLION DOLLARS in Direct bailouts, and that doesn’t include all the other monies that went to GE for things like Windmills, Stimulus trains, yada,yada...


19 posted on 12/12/2011 8:22:47 PM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: P-Marlowe

>> I would gladly pay more for goods and services if corporations were taxed and individuals were not.

Tell me you’re joking. That’s more extreme than Socialism.


20 posted on 12/12/2011 8:23:57 PM PST by Gene Eric (Save a pretzel for the gas jets.)
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To: Bokababe

Palin, Malkin and others have it right when they basically say we need a new constitutional government void of corruption. It’s currently like a cancer metastasizing to every person in America. There’s something just wrong about this whole lobbying mess. I know that it’s always been “just how it works” but it’s wrong and needs to be changed.


21 posted on 12/12/2011 8:33:40 PM PST by Art in Idaho (Conservatism is the only hope for Western Civilization.)
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To: Gene Eric
Tell me you’re joking. That’s more extreme than Socialism.

BS.

Until the 16th Amendment was passed there was no individual income tax. I'd like to return to those days. Wouldn't you?

22 posted on 12/12/2011 8:33:40 PM PST by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: Bokababe

This is just great. Corporations spend a fortune to politicians to keep from being killed by regulations. Yet a government employee cannot accept a gift worth more than $20 from a corporation because it might influence them to act favorably to that corporation.

This is so wrong, in so many ways.


23 posted on 12/12/2011 9:11:45 PM PST by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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To: Art in Idaho

“but it’s wrong and needs to be changed.”

In an era where races for even rural congressional seats paying $167,000 a year cost one, two, and three MILLION dollars, every two years, or MORE, how do you reduce that influence?
Meg Whitman spent $150 MILLION dollars to lose the California Governor’s race, and was OUTSPENT.


24 posted on 12/12/2011 9:17:51 PM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: Bokababe
but if these major corporations are spending MORE on lobbying than they are save on taxes, it's got to make you wonder what else they are getting to justify the expense

Something else that's been going on for some time now is that many companies use government and the courts to suppress competition, and they actually spend more time, effort, and money on lobbying than on the development of new products.

Mark

25 posted on 12/12/2011 9:26:32 PM PST by MarkL (Do I really look like a guy with a plan?)
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To: P-Marlowe

Sure, if it doesn’t involve concealing the process of taxation behind the corporate wall.

Look, every able, adult individual should be responsible for funding the tax system; the citizenry is disconnected otherwise which makes for an apathetic society. Taxing corporations simply shifts responsibility away from the individual which is not what this Country is supposed to be about.


26 posted on 12/12/2011 9:37:25 PM PST by Gene Eric (Save a pretzel for the gas jets.)
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To: Bokababe

Corruption to the core.


27 posted on 12/12/2011 10:06:07 PM PST by dragnet2 (Diversion and evasion are tools of deceit))
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To: tcrlaf
In an era where races for even rural congressional seats paying $167,000 a year cost one, two, and three MILLION dollars, every two years, or MORE, how do you reduce that influence? Meg Whitman spent $150 MILLION dollars to lose the California Governor’s race, and was OUTSPENT.

$100,000 campaign expenditure cap for any office, print media all you want, one debate with your opponent, one "you tube" type video presenting your platform, no "attacks" of your opponent, just your platform and plans if elected. One term preferably, two terms max, no "retirement benefits" if you serve your full term. Go serve your term, then go home. Regular people, We the People, go to Washington to shrink the size of government and provide for our national defense.

28 posted on 12/12/2011 10:08:32 PM PST by Art in Idaho (Conservatism is the only hope for Western Civilization.)
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To: Bokababe

One of those corporations had to be General Electric


29 posted on 12/12/2011 10:29:20 PM PST by political1 (Love your neighbors)
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To: exDemMom
This is just great. Corporations spend a fortune to politicians to keep from being killed by regulations. Yet a government employee cannot accept a gift worth more than $20 from a corporation because it might influence them to act favorably to that corporation. This is so wrong, in so many ways.

I was reading an article about a month ago and the author described Congress as the Mafia. The two Parties were just like the Luccheses and Gambino Families-- they fight over turf, but but they were both Mafia clans who shake down the citizens and corporations for money like in any other criminal enterprise.

You read things like this and that model makes sense.

30 posted on 12/12/2011 11:10:42 PM PST by Bokababe (Save Christian Kosovo! http://www.savekosovo.org)
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To: All
I like Ron Paul's Plan 15% Flat Corporate Tax. Personal Income Tax goes straight to paying down the debt and when it's paid off, Personal Income Tax goes away. Cuts $1T first year, balances in 3 yrs. It's the most specific and easily implementable of any of the plans.

Even Rush Limbaugh and Sarah Palin praised it.

Lobbyists will go away when Congress members have nothing to offer these corporations in terms of limiting competition, mandates, special regulations or tax breaks. Corporate campaign financing of presidents and politicians will go away when candidates for office have nothing to give away -- and the politicians will once again belong to us.

Until then, there will always be corruption.

31 posted on 12/12/2011 11:27:56 PM PST by Bokababe (Save Christian Kosovo! http://www.savekosovo.org)
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To: Bokababe

The Mafia is exactly the model I had in mind. I believe they call it “protection money.”

Such practices *should* have no place in government. But it seems that politicians (disproportionately those with a “D” after their names) make a game out of seeing how much corruption they can get away with. Feel-good stories like that of Blagojevich happen far too rarely.


32 posted on 12/13/2011 2:57:18 AM PST by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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To: Track9

Bingo.

For an example to buttress your argument, Microsoft had only a sales office in DC, no lobbyists, until the Justice Dept. went after them for antitrust. They then realized how potentially destructively powerful the Regulatory State could be and now have one of the largest lobbying offices around.


33 posted on 12/13/2011 4:07:53 AM PST by FreedomPoster (Islam delenda est)
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To: FreedomPoster

Knowledge is power. Thanks.


34 posted on 12/13/2011 5:23:45 AM PST by Track9
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To: Bokababe

Crony Capitalism at is best. Feudal Capitalism in reality.

Lobbying should be considered price collusion.


35 posted on 12/13/2011 5:48:22 AM PST by King Moonracer (Bad lighting and cheap fabric, that's how you sell clothing.....)
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To: Bokababe; All
Here's the amazing graphic from the article.

This is in MILLIONS OF DOLLARS:


36 posted on 12/13/2011 11:32:35 AM PST by upchuck (Let's have the Revolution NOW before we get dumbed down to the point that we can't.)
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To: upchuck; All
This is in MILLIONS OF DOLLARS

Yes, and just as a point of reference GE's "$10,560" Profit in $Million is actually "$10.56B", if I did the math right.

And then tie it all in with this, revealed by the partial Federal Reserve Audit, just using GE as an example:

"In another disturbing finding, the Government Accountability Office said that on Sept. 19, 2008, William Dudley, who is now the New York Fed president, was granted a waiver to let him keep investments in AIG and General Electric at the same time AIG and GE were given federal funds. One reason the Fed did not make Dudley sell his holdings, according to the audit, was that it would have exposed the Fed’s conflict of interest and major securities fraud in the embezzlement of $16 trillion.

I think that it shows just how far up the chain this corruption goes.

Ron Paul has been yelling about this for years -- finally some others like Perry have wrapped their brain around it and begun understanding it. Who is going to be clean enough and have the passion to do something about it? There are huge amounts of money in play with which to fool the sheeple and demonize anyone who tries to upset this shell game. But I really believe that we are doomed to lose it all-- and lose our country in the process -- unless someone does -- and soon, before the thieves take what's left of the money and the economy, and offshores it all out of our reach.

37 posted on 12/13/2011 11:55:07 AM PST by Bokababe (Save Christian Kosovo! http://www.savekosovo.org)
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