Campaign Contributions by Top Tax Avoiders* 1992-2002 Election Cycles**

from ITEP (Institute on Taxation and Economic Policy)

November 2001

 

All amounts in US dollars
Rank	Company	Campaign Contributions***	Tax Breaks, 1996-1998	1998 Tax Rebates
1	Philip Morris	$15,308,299	$1,475,000,000
2	AT&T	13,528,892	2,550,000,000
3	Verizon Communications	10,181,392	4,023,000,000
4	SBC Communications	8,104,487	1,242,000,000
5	Microsoft Corp.	7,299,701	2,052,000,000
6	ChevronTexaco Corp.	6,984,355	2,474,000,000	254,500,000
7	J.P. Morgan Chase & Co.****	6,764,038	1,917,000,000	62,300,000
8	Walt Disney Co.	6,489,362	1,177,000,000
9	WorldCom Inc.	6,224,967	1,313,000,000	112,600,000
10	General Electric	6,213,841	6,935,000,000
11	Pfizer Inc.	5,748,614	1,074,000,000	197,200,000
12	Enron Corp.	5,691,893	284,000,000	12,500,000
13	ExxonMobil Corp.	5,625,761	2,312,000,000
14	CSX Corp.	4,825,072	562,000,000	102,100,000
15	Bristol-Myers Squibb	4,763,333	1,603,000,000
16	General Motors	4,576,723	1,163,000,000	19,000,000
17	Northrop Grumman	3,639,016	408,000,000	1,000,000
18	PepsiCo	3,456,476	1,453,000,000	302,000,000
19	Ford Motor Co.	3,439,505	3,622,000,000
20	Burlington Northern Santa Fe Corp.	3,158,085	1,394,000,000
21	Merck & Co.	2,164,907	2,222,000,000
22	First Union Corp.	2,157,550	2,847,000,000
23	American Home Products	2,129,449	1,401,000,000
24	El Paso Energy Corp	1,578,132	322,000,000	3,000,000
25	Johnson & Johnson	1,427,490	1,324,000,000
26	Phillips Petroleum	1,398,541	653,000,000	1,100,000
27	Weyerhaeuser Co.	1,202,543	419,000,000	9,500,000
28	DuPont Co.	1,192,942	1,515,000,000
29	IBM Corp.	909,429	2,182,000,000
30	Intel Corp.	869,991	1,288,000,000
31	Goodyear Tire & Rubber	672,999	295,000,000	33,200,000
32	Ryder System Inc.	577,898	201,000,000	16,400,000
33	Tosco Corp.	436,616	200,000,000	46,700,000
34	Eaton Corp.	405,585	331,000,000	18,000,000
35	Lyondell Chemical	338,650	162,000,000	44,000,000
36	McKesson Corp.	331,550	156,000,000	1,000,000
37	Saks Inc.	105,425	118,000,000	7,900,000
38	Caremark RX Inc.	84,800	68,000,000	400,000
39	Colgate-Palmolive Co.	63,650	286,000,000	19,600,000
40	Owens & Minor Inc.	29,850	26,000,000	7,900,000
41	WestPoint Stevens	11,100	121,000,000	1,200,000
	TOTAL	$150,112,909	$55,170,000,000	$1,273,100,000
Notes * Totals include subsidiaries. In cases of mergers, companies are shown under new names. ** 1991 to June 2001. **** 1998 rebate reflects J.P. Morgan only. *** Includes PAC, individual ($200+) and soft money contributions.