Country's Largest Corporations Spend More Money On Lobbying Than Taxes: Gothamist:
In a "remember me, three years ago?" speech in Kansas yesterday, President Obama told the crowd, "This country succeeds when everyone gets a fair shot, when everyone does their fair share and when everyone plays by the same rules." A new report [pdf] from the non-profit organization Public Campaign shows that 30 of the country's largest corporations—including GE, Wells Fargo, Verizon, and Fed Ex—paid more to lobby Congress from 2008 through 2010 than they did in federal income taxes. What country was the president referring to?
Of the 30 companies, only one actually paid any federal income taxes: FedEx.