A new report by Public Citizen,
called "The Gilded Chamber," analyzes the US Chamber of Commerce's 2012
tax forms and found that more than half of all contributions to the
Chamber came from just 64 donors in 2012.
The report looks at 1,619 contributions listed on Form 990 tax return
documents, required for nonprofits to report contributions of more than
$5000 to the IRS, by the Chamber and its partner, the US Chamber
Institute for Legal Reform (ILR). The ILR works in conjunction with the
Chamber for legal reforms that largely favor business and against
consumer-access to the courts. Only a few of the organization's overall
donors make up the majority of their contributions, according to the
report.
According to the report, the sum of all contributions of $5,000 or
more amounted to more than 94 percent of the Chamber's total donations
in 2012, with an average donation at $111,254. Overall, the top 43
organizations contributed a combined $80.4 million to the Chamber. The
Chamber's revenue came largely from dozens of contributions of $500,000
or more and hundreds of donations ranging from $10,000 and $20,000,
according to the study.
The report found that the ILR's average donation was $454,110, with
just 21 entities giving a combined $27.3 million. This accounted for
more than two-thirds of the ILR's total $43.6 million in donations. The
ILR's funding came almost exclusively from contributions ranging in the
hundreds of thousands or millions. The report found that a huge
majority, 71 percent, of the ILR's 96 donations were for $100,000 or
more, and more than half were for $250,000 or more.
Generally, [the ILR] works to characterize consumer lawsuits as
frivolous and a waste of time and money, and that may be the perspective
of entities that were able to donate an average of $450,000 dollars -
which what the ILR got in its average donation - but for the average
consumer, a lot of people want to hold on to the right to sue in a
class-action lawsuit if there's a large number of people damaged by a
company's practices.
But it's still hard to say exactly what the interests of these large
corporations and organizations are beyond generalizations because the
donor's identities remain unknown. According to the report, the only
company to publicly disclose its contribution to the Chamber is Dow
Chemical Co., which disclosed giving $2.9 million to the Chamber (its
sixth biggest donation in 2012).
Taken from here
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