House Republicans have basically said that they will do nothing about lobbying reform, going back on their promise to make major overhauls in the lobbying system.
Flights on private jets... still ok. Gifts and meals... still ok. Basically, the only thing that is different is that the lobbyist must disclose who they are bribing 4 times a year instead of only two times a year.
Great job guys... way to clean up the corruption.
House Lobbying Rules Call for More Disclosure
In other news, the House and Senate Republicans decided it better to put the financial burden on future generations, and extended the tax cuts on capital gains that benefit only the wealthy. For those of you in the middle class, if you somehow think this benefits your 401K, it doesn't. You don't pay capital gains on that until you retire, and then only at a rate less than regular income tax. If you have a Roth IRA, it doesn't benefit you at all.
I could understand why some in Washington are against the temporary repeal of the gas tax, but at least that is targeted at people who will benefit from it the most. Instead, the only tax benefits are targeted at the upper end of society.
I guess they needed to find a way to increase the already wideding wage gap in America. Could please someone make it November already.
Tax Deal Sets Day of Reckoning
Bush, Hill Republicans Agree To Extend Expiring Tax Cuts
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