Political Capital

US_100_DOLLAR_BILLS

Photograph by Scott Eells/Bloomberg

Bloomberg by the Numbers: $181 Billion

That’s how much in income tax breaks U.S. corporations received in 2011, according to a Government Accountability Office report. The total refers to so-called tax expenditures — revenue that the federal government foregoes because of exemptions, deductions, credits, deferral or...

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Former Republican presidential candidate Mitt Romney delivers remarks during the second day of the 40th annual Conservative Political Action Conference (CPAC) on March 15, 2013.

Photograph by Alex Wong/Getty Images

Former Republican presidential candidate Mitt Romney delivers remarks during the second day of the 40th annual Conservative Political Action Conference (CPAC) on March 15, 2013.

Romney Gives Excess Campaign Cash to House Republicans

Having failed to win the White House, Mitt Romney is using his leftover campaign funds to help the Republicans retain control of the House of Representatives. Romney’s joint fundraising committee with the Republican National Committee and state parties contributed $743,704...

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Medical workers aid injured people at the finish line of the Boston Marathon following an explosion in Boston, on April 15, 2013.

Photograph by Charles Krupa/AP Photo

Medical workers aid injured people at the finish line of the Boston Marathon following an explosion in Boston, on April 15, 2013.

White House Watches Boston, Promises ‘Full Weight of Justice’

Updated at 6:20 pm EDT President Barack Obama has directed federal officials to provide whatever assistance is needed by authorities in Boston as they respond to the deadly explosions near the finish line of the Boston Marathon. “We still do not know who did...

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Speaker of the House John Boehner, R-Ohio, holds his weekly on camera news conference in the Capitol on Thursday, April 11, 2013.

Photograph by Bill Clark/CQ Roll Call

Speaker of the House John Boehner, R-Ohio, holds his weekly on camera news conference in the Capitol on Thursday, April 11, 2013.

Boehner Raises $2.4 Million First Qtr

As the House speaker, John Boehner is in a position to raise plenty of campaign funds for his party. The Ohio Republican took in $2.4 million in the first three months of this year, his campaign committee reported to the...

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Texas Gov. Rick Perry visits with fans prior to the start of the NASCAR Sprint Cup Series NRA 500 on April 13, 2013 in Fort Worth, Texas.

Photograph by Tom Pennington/Getty Images

Texas Gov. Rick Perry visits with fans prior to the start of the NASCAR Sprint Cup Series NRA 500 on April 13, 2013 in Fort Worth, Texas.

Texas to Chicago: Send Us Your Overtaxed, Underemployed Masses

Texas Gov. Rick Perry has  picked Chicago as his latest job-recruitment target, running print and Internet advertisements through a weekly business newspaper urging Illinois companies to move to the second-most populous state. In February, radio ads launched by Perry asked...

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U.S. Department of the Treasury Internal Revenue Service (IRS) 1040 Individual Income Tax forms

Photograph by Daniel Acker/Bloomberg

U.S. Department of the Treasury Internal Revenue Service (IRS) 1040 Individual Income Tax forms

Tax Day April Fool’s Plus Two Weeks: Cruz

They don’t call him a Tea Partier for nothing. “I don’t think it’s any coincidence that the month of April begins with April Fool’s Day and then two weeks later Tax Day comes,” Texas Sen. Ted Cruz says in a...

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Organizing for Action head Jim Messina.

Photograph by Mandel Ngan/AFP via Getty Images

Organizing for Action head Jim Messina.

Bloomberg by the Numbers: 109,582

That’s how many people contributed to Organizing for Action, the issue-advocacy group founded by President Barack Obama’s former campaign aides. OFA raised $4.9 million in the first quarter since it was formed in late January, the group said in a...

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