Corporations

CONTACTS: Brendan Fischer, brendan@prwatch.org / Blair Bowie, bbowie@pirg.org

Nearly One-Fifth of All Business Gifts to Super Pacs 
Were Contributed by Shell Corporations

MADISON, WI — Mystery donors poured hundreds of millions of dollars into the 2012 elections via nonprofits and shell corporations, despite widespread public support for disclosure and decades of legal precedent supporting the public's right to know the sources of election-related spending.

The National Rifle Association (NRA) is threatening legal action if the Tucson Police Department tries to destroy the guns it acquired through a voluntary gun buyback program -- thanks to legislation advanced by the American Legislative Exchange Council (ALEC) and then passed in Arizona.

-by George Goehl, National People's Action

Tax fairness has become a centerpiece of national debate, from the president's reelection to the recent deal surrounding the so-called fiscal cliff. In Illinois, taxpayers want to make sure corporations in the State are paying their fair share as well. According to the Internal Revenue Service, the federal corporate tax rate from 1952-63 -- a period of prosperity and a significant rise in the middle class -- was 52 percent. Today it's 35 percent. By working loopholes and exceptions many corporations are able to reduce their effective tax rate to as low as zero. As it stands corporations doing business in Illinois do not have to disclose to the public what taxes, if any, they contribute to the state.

You helped make the world a better place this year. You helped expose corruption and thwart efforts to distort our democracy.

1. You helped force 42 major corporations and 70 legislators to do something they did not want to do, leave the American Legislative Exchange Council.