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Tag Archives: Congress

Lobbyists getting paid: The tax break lapse game

We are all for tax breaks generally. The less revenue coming out of the productive economy the better – for the most part. But tax breaks, even though they are infinitely better than tax credits which are paid for directly by the taxpayer, can still be a form of crony capitalism. If company or industry X gets a big break and company or industry Y does not, company or industry Y is at a disadvantage.

One of the issues associated with “targeted” tax cuts for industry is that they often have to come up for renewal. (Instead of just being part of the tax code.) Every couple of years Congress has to give the official OK. This is good news for the lobbyists as they have a renewable revenue source in “fighting” to maintain these tax cuts.

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The delusion and “un-american” hypocrisy of crony capitalist Harry Reid

A blistering piece by Matthew Continetti chronicling the crony capitalist and some would say “un-american” exploits of the leader of the Senate. Harry Reid is a crony capitalist of the first order and he has brought along his family. (As any crony capitalist worth his salt does.)

Reid is a multi-millionaire, yet he’s spent practically his entire life in politics. A route for a comfortable life to be sure but not the way in the United State to vast riches. (Historically, things are different now.) How did he get so rich?

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Feds flying in style: Uncle Sam’s executive jets used for personal travel

Living it up with other people’s money. It’s long been a pastime for our government. (And governments in general. The British still put up with a “royalty.”)

You, you see aren’t in government. You are simply not that important. To the degree that you exist you exist as a profit center for us, the people who run the show.  We can wipe you out with a fountain pen. You should be thankful to pay for our private jets.

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Money wins Congressional races 91% of the time (Infographic)

In my very brief time on Capitol Hill after college I remember that raising money as soon as a Congressperson was elected was of the absolute highest priority. If one didn’t raise a pile of money early the other party might perceive you as weak and would then dump cash into your next opponent’s campaign.

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