
Protestors demonstrated in Bishop Saturday. (Photo by Harry White of Mammoth Lakes)
No one likes to pay taxes and most people will admit to doing what they can to keep their tax obligations as low as possible. And most of the people I know including small to medium sized business owners cannot afford a lobbyist to ensure that their tax obligations remain at zero or below. A report recently released by publiccampaign.org shows that 30 large corporations in America including GE, Verizon, FedEx, PG&E, Wells Fargo and Boeing paid more for lobbying than they paid in federal taxes in 2008, 09 and 10. In fact each of these companies and 25 more mentioned in the report had tax rebateseven though they had substantial profits for 2010. In total these large corporations paid $476 million dollars over three years lobbying Congress. This amounts to $400,000 per day, every day of the year.
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