Washington, D.C.Government watchdog Accountable.US released an analysis today of the corporate donors to the American Action Network, a group that just launched ads attacking the Build Back Better agenda. The plan would invest in an economy that works for everyone by lowering costs for working- and middle-class families while making big corporations pay their fair share. These ads are a way for big corporate interests to try to protect the status quo they benefit from. The analysis finds that between 2009 and 2017, AAN received $12 million from Pharmaceutical Research & Manufacturers of America (PhRMA), the top lobbying group for the pharmaceutical industry. Additionally, in 2017 alone, AAN received a combined $6.8 million between contributions from Business Roundtable and the Retail Industry Leaders Association.  

“Big corporations have rigged the system to promote their self-interest over the interest of everyday Americans, and they will oppose the Build Back Better agenda to protect the status quo,” said Kyle Herrig, president of Accountable.US. “We need a strong and sustainable economy that works for everyone, not just powerful corporations, millionaires and the well-connected, and that means making big corporations pay their fair share. Lawmakers can rest assured the public is behind them as they ask corporations that have banked billions in tax breaks from the last administration to help lower costs for working- and middle-class families.”

Today, Accountable.US also released a report finding a group of major corporations that have already spoken out and/or lobbied against the tax provisions in President Biden’s Build Back Better blueprint have sordid histories of tax avoidance and tax schemes, amounting to billions of dollars in lost federal revenue. 

Read the full analysis of AAN’s funding HERE.

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