Lobbyists buy Congress.

This story needs JavaScript. The short version: researchers who followed 98 policy fights found that about 60% of lobbying campaigns failed to change policy, and money explained under 5% of who won. Yet a study of one 2004 tax break found firms that lobbied for it gained more than $220 for every $1 spent. Verdict: Mixed.

Book synopsis · Tax break study · Back to poof.day