Tuesday, December 14, 2010
Report: Giant life insurance lobby key force behind estate tax | The Daily Caller - Breaking News, Opinion, Research, and Entertainment
It's clear that lobbying is a way of life these days.
That being said, stories like this demonstrate how pervasive it is, how much money is involved, and who really gets served...
That being said, stories like this demonstrate how pervasive it is, how much money is involved, and who really gets served...
Jonathan Strong reports the links at DailyCaller.com:
"A new report from a trade association representing family-owned businesses fighting against the estate tax says a giant life insurance lobby is a key force pushing against repeal of the estate tax as the tax creates demand for their insurance.
The life insurance industry’s lobbying presence in D.C. is huge – larger than almost any other industry sector. According to the report, life insurers spent $10 million per month on lobbying in the first half of 2010. Only the pharmaceutical, electric utilities and oil and gas sectors, the heaviest of heavy hitters, spent more."
