For every dollar corporations spent on lobbying in 2004, they received a $220 return on their investment in the form of tax breaks and government subsidies. That's according to a study from the Government Accountability Institute (GAI) that's united conservatives and progressives in outrage.
Put another way, corporations reportedly receive a 22,000 percent return on their lobbying investment.
Lobbying is now "a lot more profitable than buying or creating a new good," says the GAI's president Peter Schweizer. General Electric spends $100,000 every day to lobby Congress.
The report has horrified both progressives and conservatives. It's a "hot" story on liberal-outpost Reddit, been featured on Breitbart.com, and given TV coverage by the leftist Young Turks and a one-hour special, Boomtown, from Sean Hannity. Watch the last third of Hannity's show here:
If you want to take action, the Progressive Change Campaign Committee is running a campaign here.
As Hannity points out, the problem is bipartisan. Lobbyists and their clients "don't care who's in charge as long as the money keeps flowing in."