Oil Profits due to Oily Political Investments

Oil Profits due to Oily Political Investments

The big 5 oil corporations…
-Earned $93 billion in profits in 2013
-Paid their CEOs $95.8 million in compensation in 2012 (2013 figures weren’t available)
-Received $2.4 billion in tax breaks in 2013
-Want $14.4 billion in tax breaks over the next 10 years
-Spent $45 million on lobbying in 2013 (every $1 spent on lobbying helped the companies protect $53 of their tax breaks — a pretty nice rate of return)

Source http://www.americanprogress.org/issues/green/news/2014/02/10/83879/with-only-93-billion-in-profits-the-big-five-oil-companies-demand-to-keep-tax-breaks/

Call this Exhibit # 231,047 on how corporations pollute our politics due to never-intended constitutional rights — and why we need to abolish corporate personhood and money as speech ala the Move to Amend constitutional amendment


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