Two-thirds of the largest 200 U.S. corporations lobbied on at least one tax bill between 2007 and 2010, and here’s why: the majority of them ended up paying lower taxes in 2010.
The eight major corporations that spent the most on lobbying, for a total $540 million, all saw their tax rates decrease. According to a Sunlight Foundation report, the odds that those companies saw lower rates merely by chance is less than 1 in 100. The odds that six of those corporations paid seven percentage points less is even lower, at only 1 in 100,000.
Instead, the reduction was likely a result of their presence in Washington, lobbying for tax giveaways.
The eight major corporations that spent the most on lobbying, for a total $540 million, all saw their tax rates decrease. According to a Sunlight Foundation report, the odds that those companies saw lower rates merely by chance is less than 1 in 100. The odds that six of those corporations paid seven percentage points less is even lower, at only 1 in 100,000.
Instead, the reduction was likely a result of their presence in Washington, lobbying for tax giveaways.
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