Elizabeth Warren wants to 'end lobbying as we know it' and, unsurprisingly, lobbyists are not happy
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.
The idea isn't sitting too well with lobbyists, The Hill reports. In fact, they've gone so far as to call it unconstitutional.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
"Senator Warren wants to tax people because she doesn't like them exercising their right to petition the government," U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley told The Hill in a statement Wednesday. "I am sure lots of people would like to tax politicians who give too many speeches, but that isn't constitutional either." The Chamber of Commerce is reportedly the country's top lobbying spender and has already spent $40.6 million so far in 2019.
Meanwhile, Linda Kelly, the senior vice president of legal, general counsel, and corporate secretary, for the National Association of Manufacturers, which has spent $4.2 million so far this year said it would be "an attack on manufacturers' First Amendment rights."
Warren's proposal is one aspect of her broader anti-corruption plan. Read more at The Hill.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
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.
-
Why Bhutan hopes tourists will put a smile back on its face
Under The Radar The 'kingdom of happiness' is facing economic problems and unprecedented emigration
By Chas Newkey-Burden, The Week UK Published
-
7 beautiful towns to visit in Switzerland during the holidays
The Week Recommends Find bliss in these charming Swiss locales that blend the traditional with the modern
By Catherine Garcia, The Week US Published
-
The Week contest: Werewolf bill
Puzzles and Quizzes
By The Week US Published
-
GOP's Mace seeks federal anti-trans bathroom ban
Speed Read Rep. Nancy Mace of South Carolina has introduced legislation to ban transgender people from using federal facilities
By Rafi Schwartz, The Week US Published
-
Ukraine fires ATACMS, Russia ups hybrid war
Speed Read Ukraine shot U.S.-provided long-range missiles and Russia threatened retaliation
By Peter Weber, The Week US Published
-
New York DA floats 4-year Trump sentencing freeze
Speed Read President-elect Donald Trump's sentencing is on hold, and his lawyers are pushing to dismiss the case while he's in office
By Rafi Schwartz, The Week US Published
-
Wyoming judge strikes down abortion, pill bans
Speed Read The judge said the laws — one of which was a first-in-the-nation prohibition on the use of medication to end pregnancy — violated the state's constitution
By Peter Weber, The Week US Published
-
US sanctions Israeli West Bank settler group
Speed Read The Biden administration has imposed sanctions on Amana, Israel's largest settlement development organization
By Rafi Schwartz, The Week US Published
-
Gaetz ethics report in limbo as sex allegations emerge
Speed Read A lawyer representing two women alleges that Matt Gaetz paid them for sex, and one witnessed him having sex with minor
By Peter Weber, The Week US Published
-
Biden allows Ukraine to hit deep in Russia
Speed Read The U.S. gave Ukraine the green light to use ATACMS missiles supplied by Washington, a decision influenced by Russia's escalation of the war with North Korean troops
By Peter Weber, The Week US Published
-
Sri Lanka's new Marxist leader wins huge majority
Speed Read The left-leaning coalition of newly elected Sri Lankan President Anura Kumara Dissanayake won 159 of the legislature's 225 seats
By Peter Weber, The Week US Published