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Federal Funding of Fortune 100 Companies
Our OpenTheBooks Oversight Report: Federal Funding of Fortune 100 Companies quantifies all federal monies received between fiscal years 2014 and 2017.
In total, the Fortune 100 received $399 billion in federal funding over this four-year period. A vast majority of the funds came through contracts.
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However, a substantial $3.2 billion flowed on federal grants – public giveaways and subsidies – to these top corporations.
These powerful companies helped themselves by spending large on lobbying expenditures. We found that Fortune 100 companies spent $2 billion flexing their political muscles and promoting their self-interests.
