Corporate Lobbyists Assail Tax Overhaul They Once Cheered
By ERIC LIPTON and JONATHAN WEISMAN, NYT
APRIL 1, 2014
WASHINGTON — Just two days after he proposed a sweeping overhaul of the nation’s tax code, Representative Dave Camp, Republican of Michigan, traveled to Park City, Utah, for a glittering fund-raiser attended by lobbyists from some of the nation’s largest corporations, all with enormous stakes in the tax battle to come.
The event was intended to honor Mr. Camp, the chairman of the House Ways and Means Committee, whose 979-page tax plan would cut the overall corporate tax rate by creating a new bank tax and a surtax on the very wealthy, among many other changes.
But this gathering ended up serving a decidedly different purpose: the unofficial kickoff of a push to make sure that Mr. Camp’s tax plan dies, a campaign that is highly likely to succeed, particularly now that Mr. Camp himself essentially conceded defeat, announcing this week he will not seek re-election this year.
The twist reflects how lobbying in Washington — and the millions of dollars in fees that lobbyists collect — are often about stopping action and preserving the status quo.
(More here.)
APRIL 1, 2014
WASHINGTON — Just two days after he proposed a sweeping overhaul of the nation’s tax code, Representative Dave Camp, Republican of Michigan, traveled to Park City, Utah, for a glittering fund-raiser attended by lobbyists from some of the nation’s largest corporations, all with enormous stakes in the tax battle to come.
The event was intended to honor Mr. Camp, the chairman of the House Ways and Means Committee, whose 979-page tax plan would cut the overall corporate tax rate by creating a new bank tax and a surtax on the very wealthy, among many other changes.
But this gathering ended up serving a decidedly different purpose: the unofficial kickoff of a push to make sure that Mr. Camp’s tax plan dies, a campaign that is highly likely to succeed, particularly now that Mr. Camp himself essentially conceded defeat, announcing this week he will not seek re-election this year.
The twist reflects how lobbying in Washington — and the millions of dollars in fees that lobbyists collect — are often about stopping action and preserving the status quo.
(More here.)
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