November 2001 - VOLUME 22 - NUMBER 11
Corporations and National Security
November 2001 - VOLUME 22 - NUMBER 11
Corporations and National Security
Top Beneficiaries of Corporate AMT Repeal,
|
| Company | AMT Rebates Under House Tax Bill | Contributions to Democrats | Contributions to Republicans | Total Contributions |
| IBM | $1,424,000,000 | $ 452,259 | $ 399,027 | $ 900,439 |
| Ford Motor Co. | $1,000,000,000 | 1,066,989 | 2,345,314 | 3,439,505 |
| General Motors | 833,000,000 | 1,610,520 | 2,931,931 | 4,576,723 |
| General Electric | 671,000,000 | 2,783,517 | 3,406,784 | 6,213,841 |
| TXU (Texas Utilities Co.) | 608,000,000 | 626,770 | 1,176,449 | 1,803,219 |
| DaimlerChrysler | 600,000,000 | 873,905 | 1,830,411 | 2,990,846 |
| ChevronTexaco | 572,000,000 | 1,828,877 | 5,146,425 | 6,984,355 |
| UAL (United Airlines) | 371,000,000 | 1,410,743 | 1,436,656 | 2,864,588 |
| Enron | 254,000,000 | 1,467,057 | 4,188,736 | 5,691,893 |
| Phillips Petroleum | 241,000,000 | 260,616 | 1,136,038 | 1,398,541 |
| AMR (American Airlines) | 184,000,000 | 2,197,990 | 2,408,807 | 4,616,047 |
| IMC Global | 155,000,000 | 233,500 | 312,281 | 546,781 |
| Comdisco | 144,000,000 | 23,250 | 72,850 | 96,200 |
| CMS Energy | 136,000,000 | 484,340 | 693,998 | 1,178,338 |
| Westvaco | 112,000,000 | 117,750 | 822,375 | 942,625 |
| Kmart | 102,000,000 | 84,350 | 1,221,959 | 1,430,009 |
| Total, these 16 companies | $7,407,000,000 | $15,522,533 | $29,530,041 | $45,682,940 |
Source: AMT rebate figures compiled by Citizens for Tax Justice, based on corporate annual reports for 2000, plus Ford information disclosed to Detroit News, and DaimlerChrysler information reported to Automotive News. Campaign contribution data compiled by Public Campaign, based on 1991-June 2001 donations reported to the Federal Election Commission for Political Action Committees, soft money and individual donations by executives over $200.