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Major companies spend more on lobbying than taxes

Two telling facts that explain how the income tax deck has been stacked against the middle class. First, Elisabeth Warren notes on the Daily Show (at index 17:00-18:30) that, “Thirty of the largest companies in the United States are now spending more on lobbying than they pay in Federal taxes1,” and, in his opening, John Stewart shows how (at index 4:00-6:30) Mitt Romney’s Bain Capital lobbied hard to keep Mitt’s taxes low.

References:

Comedy Central, January 24, 2012, The Daily Show with John Stewart

1) U.S. Public Interest Research Group, January 2012, Representation without Taxation, Fortune 500 Companies That Spend Big on Lobbying and Avoid Taxes.

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2 Comments to "Major companies spend more on lobbying than taxes"

  1. Cheers for the tips, and the website definitely looks fantastic. What wp theme are you employing?

  2. Peter says:

    Insanity1040 uses a lightly modified WordPress WP-Creativix theme. Not a lot of options for the theme, but after tweaking some colors and margins I think it is well-suited for the site. I’ll make a few other changes, swapping the comment widget and changing the forward/backward post links that follow the post content.

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