Lobbyists Rally to Save Tax Breaks

Source: Rolling Stone
By Julian Brookes

As lawmakers get ready to cut trillions of dollars from the federal budget, lobbyists are going all-out to defend their clients' cherished tax breaks and subsidies from the congressional axe, Business Week reports. On any given day on Capitol Hill, you might find thousands of farmers, or real estate agents, pleading their cases. "I can’t remember anything close to this," says the head of the lobbying trade group. To give you a flavor of what they're after:

• Ethanol producers want a new tax break to encourage use of vehicles that operate on corn-based fuel

• The Service Employees International Union wants Congress to raise taxes to close the budget gap

• Farmers say agricultural programs have been cut enough (a house bill recently chopped $30 billion in farm spending over a decade) and other industries should bear any additional burden


More at: http://www.rollingstone.com/politics/blogs/national-affairs/lobbyists-rally-to-save-tax-breaks-20110524