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Monday, April 19, 2004
GOPs "New Level of Sleaze" in Tax-Bill
Congress's task seemed simple enough: Repeal an illegal $5 billion-a-year export subsidy and replace it with some modest tax breaks to ease the pain on U.S. exporters.
But out of that imperative has emerged one of the most complex, special-interest-riddled corporate tax bills in years, lawmakers, Senate aides and tax lobbyists say. The 930-page epic is packed with $170 billion in tax cuts aimed at cruise-ship operators, foreign dog-race gamblers, NASCAR track owners, bow-and-arrow makers and Oldsmobile dealers, to name a few. There is even a $94 million break for a single hotel in Sioux City, Iowa.
Even one of the tax lobbyists involved in drafting it conceded the bill "has risen to a new level of sleaze."
"I said a few months ago, any lobbyist worth his salt has something in this bill," said the lobbyist, who would only speak candidly on condition of anonymity. "Now you see what I'm talking about."
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