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Elizabeth Warren's lobby tax may not hold up to legal scrutiny
Warren has proposed a 35 percent tax on annual lobbying expenses between $500,000 and $1 million; a 60 percent rate for lobbying expenses between $1 million and $5 million; and a 75 percent tax on K Street campaigns exceeding $5 million a year.

The tax revenue would go toward a Lobbying Defense Trust Fund, chile, which Warren says would strengthen congressional support agencies, such as the Congressional Budget Office. The money would also go toward increased staff at federal agencies "that are facing significant lobbying activity," her plan says.

Accountable Capitalism Act, 2018

Diversity is the key to economic and political evolution.
by Cat on Fri Oct 4th, 2019 at 07:56:54 PM EST
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