The top 50 lobbying spenders spent $30 million less in the second quarter of this year than they did during the first quarter, according to lobbying disclosure releases. Overall, they spent $168 million between April and June.
In many cases, the corporations and trade groups that make up the top lobbying spenders made deep cuts to their lobbying efforts. AT&T (NYSE:T) went from spending $7.05 million during the first quarter to $3.49 million in the second, a nearly 50% cut. Also making $1 million-plus cuts were companies like ExxonMobil (NYSE:XOM), General Electric (NYSE:GE), Google (NASDAQ:GOOG), Pfizer (NYSE:PFE), Novartis (NYSE:NVS), and Johnson & Johnson (NYSE:JNJ). Read