Lee Fang Profile picture
Independent Journalist. Reporting primarily on Substack via https://t.co/6OY0EhDPV8 Contact email on my website.

May 7, 2020, 5 tweets

Bipartisan group of lawmakers now joining the push to literally bailout corporate lobbyists using cover of 'it's only for local chambers of commerce.' fitzpatrick.house.gov/media-center/p…

A defining aspect of our democracy is that the vast majority of corporate money shaping policymaking and elections comes from 501c(6) trade groups, which allow corporations to pool their collective money together (like a union but for businesses instead of workers) for influence.

So of course now Speaker Pelosi, joined by dozens of House Democrats and Republicans, are now clamoring the bailout the Gucci loafer-clad U.S. Chamber of Commerce, National Restaurant Association, the American Petroleum Institute and other corporate 501c6 lobby groups.

The low probability that the gov will disclose recipients of the PPP bailout seems even lower now that Congress is preparing to extend the program to corp 501c(6) lobby orgs. It's one thing to bailout luxury hotels but even more absurd to bailout the lobbyists hired by the hotel.

See thread here

Share this Scrolly Tale with your friends.

A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.

Keep scrolling