Elizabeth Warren wants to 'end lobbying as we know it' and, unsurprisingly, lobbyists are not happy

Elizabeth Warren.
(Image credit: Ethan Miller/Getty Images)

The latest plan from Sen. Elizabeth Warren (D-Mass.) does not have a lot of support from lobbyists, which shouldn't come as a huge shocker, considering she's targeting them with taxation.

The Democratic presidential candidate announced Wednesday that, if elected, she intends to "end lobbying as we know it" by pursing a 35 percent tax rate on corporate and trade organization lobbying if the amount is somewhere between $500 and $1 million. The progressive rate would increase to 60 percent for spending between $1 million and $5 million and 75 percent for anything over $5 million.

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Tim O'Donnell

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.