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5. Corporate and industry group lobbying has helped decrease corporate income taxes. L...
Social Studies, 09.12.2021 06:10 jjgccc
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(9
5. Corporate and industry group lobbying has helped decrease corporate income taxes. Lobbyists pressure Congress to change the tax code to favor their industry or
business. Lobbying is very lucrative; for example, lobbying costs of about $5 million yielded tax benefits of 513 million Corporate campaign contributions are the main
reason Congress bows to corporate pressure. What would you do to reduce the influence of corporations on the tax code? How would you rein in lobbyists in uence!
What do you think will happen to the percentage of federal tax revenue paid by businesses if lobbyist influence is not curtailed?
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