'They're counting on that 'small' investment in anti-tax Republicans to save them billions in taxes,' said 4TaxFairness, which conducted the analysis. TaxBillionaires
According to the report, seven powerful corporations—AT&T, Chevron, ExxonMobil, FedEx, GM, Merck, and UPS—have collectively given nearly $1.5 million to dozens of election deniers and various Republican PACs and election committees this campaign cycle. The companies' demonstrated lack of concern for democracy, ATF noted, likely stems from their desire to keep dodging taxes. In 2021, these firms paid an average federal income tax rate of just 2.7% on a combined $78.4 billion in profits.
Thiel"has so far spent almost $30 million through super PACs supporting the 2022 senatorial bids of two former employees who share his anti-democratic and anti-tax beliefs," ATF found."J.D. Vance won the Ohio Republican U.S. Senate primary thanks in part to Thiel's $15 million in spending. Blake Masters has a fighting chance in Arizona's GOP U.S. Senate primary in August due to Thiel's $13.5 million in contributions.
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