Sen. Elizabeth Warren has released a new plan outlining how she would use the revenue generated by her proposed tax on 'excessive lobbying' to beef up federal agencies charged with regulating major industries.
Sen. Elizabeth Warren on Wednesday released a new plan outlining how she would use the revenue generated by her proposed tax on"excessive lobbying" to beef up federal agencies charged with regulating major industries.
"This tax will reduce the incentive for excessive lobbying, and raise money that we can use to fight back against this kind of onslaught when it occurs," Warren wrote in a Medium post explaining the strategy. First unveiled in broad strokes last month, Warren's plan would impose a 35% tax on lobbying expenditures between $500,000 and $1 million.
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