It is commonly believed that corporations have too much influence in the government and use it to extract special loopholes and subsidies. A new report from a right-leaning government watchdog group shows that this influence may be even greater than most Americans realize.
The Government Accountability Institute found that for every dollar corporations spent lobbying in 2004, they received a $220 return on investment in the form of tax giveaways, subsidies, and other forms of government largess. That’s a 22,000 percent return on investment from lobbying dollars.
If you’re sick of money in politics, click here to join PCCC’s Take Back Democracy campaign.
UPDATE: Watch GAI’s Peter Schweitzer talk about his report on Fox News