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June 10, 2021

55 Corporations That Paid No Taxes in 2020 Spent $450 Million on Lobbying and Campaigns Since 2016
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A new report by Public Citizen finds that 55 major U.S. corporations
that paid no federal taxes last year spent a collective $450 million on
political lobbying and campaigns since the 2016 election cycle. The
companies also received $3.5 billion in tax rebates. Of the top 25
congressional recipients of the companies' money, 20 are Republicans,
and all voted for the Tax Cuts and Jobs Act of 2017, which lowered the
corporate tax rate. Fed Ex was the biggest spender, followed by Charter
Communications, American Electric Power and Duke Energy.

Public Citizen urged Congress to close loopholes allowing for corporate
tax avoidance, adding, "While paying nothing to support the upkeep of
our government, these companies have been spending huge amounts of money
to try to keep the game rigged in their favor."


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