Opinion Columns & Blogs

Corporate political spending pays off

Corporations don’t spend money on politics because they are patriotic; rather, the companies expect a financial return. And according to a new report, the spending pays off. Between 2007 and 2012, 200 of America’s most politically active corporations spent a combined $5.8 billion on federal lobbying and campaign contributions but received $4.4 trillion in federal business and support, according to the Sunlight Foundation. Boeing was one of the biggest players, spending $103.7 million and receiving $188.1 billion in federal business and support. Koch Industries spent $70.9 million on contributions and lobbying, according to the report, and received $51.3 million in federal business. – Phillip Brownlee