Today, Public Citizen released a new report analyzing the lobbying and political spending of 88 corporations that paid zero in corporate income taxes in 2025. The corporations in question were identified in a recent report by the Institute on Taxation and Economic Policy (ITEP), which found that at least 88 corporations paid no federal corporate income taxes last year, despite raking in millions — if not billions —in profits.
The American tax code already enshrines massive giveaways to wealthy corporations, thanks to decades of Republican efforts on their behalf. This report finds that those same corporate tax dodgers then poured millions into lobbying and political campaigns that yielded further tax breaks, which in turn bankrolled even more political influence. The result is a self-reinforcing loop where corporate cash buys policy, and policy pays cash back.
“The largest and richest corporations in the country are paying zero in federal income tax and that is a slap in the face to the American taxpayers who are struggling to afford necessities like groceries and health care,” said Eileen O’Grady, a researcher with Public Citizen and author of the report. “Meanwhile, these companies are spending money that could have gone to the public good on lobbying for even more special advantages and tax breaks. In this backwards, cash-fueled system, the deck is being stacked ever higher in favor of corporations, and against working people.”
Key findings from the report include:
- The 88 corporations that paid no federal corporate income tax in 2025 spent nearly $852 million on political spending over the last three election cycles. This total includes $712 million in lobbying and $140 million in campaign contributions.
- Comparing the taxes the corporations saved against the cost of their political spending, they collectively made a 3,000% return on investment.
- Coinbase Global spent the most of any company ($89 million) followed by CVS Health ($66 million), Honeywell International ($56 million), American Electric Power ($47 million), and Duke Energy ($35 million).
- On average each year, these companies together have sent 1,119 lobbyists to influence the federal government, including on tax issues and legislation that changed the tax code in favor of corporate giveaways.
- Since the beginning of 2025, these companies have collectively laid off at least 21,200 workers and announced plans to lay off thousands more.
This content originally appeared on Common Dreams and was authored by Newswire Editor.