Posts tagged lobbyists
Posts tagged lobbyists
Happy Tax Day!
"Twenty-five profitable Fortune 500 companies, some with a history of tax dodging, spent more on lobbying than they paid in federal taxes between 2008 and 2012, according to Public Campaign analysis of data from Citizens for Tax Justice and the Center for Responsive Politics. Over the past five years, these 25 corporations generated nearly $170 billion in combined profits and received $8.7 billion in tax rebates while paying their lobbyists over half a billion ($543 million), an average of nearly $300,000 a day."
Hopefully he finds time to like legislate or something (via Politico Influence)
PODESTA REPUBLICANS FUNDRAISING FOR MCCONNELL: Podesta Group Republicans are hosting a breakfast fundraising for Senate Minority Leader Mitch McConnell on Wednesday. A senior Podesta Group Republican principal sends the invite along and says the event will kick off a robust year of political support from Podesta GOP principals, focused on in-cycle GOP senators and up-and-comers in the House. The fundraiser will be at Podesta Group’s D.C. offices. The suggested cost to attend is $2,500 for PACs and a $1,000 suggested individual contribution. The invite is here: http://bit.ly/M4XHIU
ALSO: On the same day, McConnell will host a have a dinner fundraiser at the National Republican Senatorial Committee. Cost to attend: $7,500 to co-host, $2,500 for PACs and $1,000 as an individual. Danielle Burr of Navigators, Missy Edwards of Missy Edwards Strategies, Rob Hobart of McBee Strategic, Lanier Swann Hodgson of Purple Strategies, and Brandi White of the Nickles Group are listed as hosts.
If you look at the numbers, it may seem that lobbying is in decline, but it isn’t; it’s just taking different forms. What was once straightforward lobbying has become, in effect, a full service PR-advertising-social media operation, very little of which is covered by federal regulation.
What could go wrong?
It’s taken for granted that lobbyists influence legislation. But perhaps less obvious is that they often write the actual bills — even word for word.
But here’s the best part:
In fact, emails reviewed by The New York Times show that Citigroup lobbyists drafted more than 70 of the 85 lines of the House bill, as they tried to develop language that Democrats and Republicans on the Financial Services Committee could support.
- One House GOP aide, according to the New York Times, “in an email exchange among House Financial Services staff members last year, warned that lawmakers should not mimic the talking points from lobbyists.”
But don’t worry, Democrats are going to vote for the Wall Street bill in the House this week too (emphasis added):
"House aides, when asked why Democrats would vote for this proposal even though the Obama administration opposes it, offered a political explanation. Republicans have enough votes to pass it themselves, so vulnerable House Democrats might as well join them, and collect industry money for their campaigns.”