The Lucky Beneficiaries Of Tax Day

It’s finally over. The deadline for the world’s most grueling holiday has passed.

Taxpayers can breathe once more, and corporate leaders can redirect their greedy gazes toward the federal government. After all, the tedious financial reviews and subsequent payments ultimately yield contract sales revenue. A decent portion of the annual collection goes straight to the company piggy bank.

Here is a breakdown of last year’s budget receipt, as compiled by the nonpartisan Committee for a Responsible Federal Government, along with some of the fortunate beneficiaries of Tax Day.

Health: 26.3%

From Humana Inc HUM and Allied Healthcare Products Inc AHPI to Johnson & Johnson JNJ and Pfizer Inc. PFE, diverse players in the health sector do a bit of business with various U.S. departments, according to the U.S. General Services Administration.

Social Security: 23.6%

According to its most recent summary, the Social Security Administration previously awarded contracts to the likes of Aecom ACM, International Business Machines Corp. IBM, AT&T Inc. T, Verizon Communications Inc. VZ, Microsoft Corporation MSFT, Hewlett Packard Enterprise Co HPE, Pacific Gas & Electric Company (NYSE: PCG-A), Comcast Corporation CMCSA and the West Publishing Corporation of Thomson Reuters Corp TRI.

Defense And Military Benefits: 19.8%

As some of the government’s highest-paid contractors, machine manufacturers and information technology bidders include Lockheed Martin Corporation LMT, Northrop Grumman Corporation NOC, Boeing Co BA, Raytheon Company RTN, General Dynamics Corporation GD and United Technologies Corporation UTX.

Transportation: 2.4%

Lockheed Martin, Raytheon and General Dynamics are also recipients of Department of Transportation contracts, alongside Harris Corporation HRS, Leidos Holdings, Inc. LDOS and Booz Allen Hamilton Holding Corporation BAH.

Natural Resource Protection: 1%

While Environmental Protection Agency contracts generally go to private companies or nonprofits, a few support the likes of AMEC Foster Wheeler plc American Depositary Shares AMFW, Becton Dickinson and Co BDX, Ecology and Environment EEI and RTI International Metals, Inc. RTI.

Related Link:

Private Companies Profit Big On Government Contracts

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Posted In: NewsEducationEventsTrading IdeasGeneralCommittee for a Responsible Federal GovernmentDepartment of TransportationEnvironmental Protection Agencyfederal contractsSocial Security Administrationtax day
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