Reason No. 54 for #OWS: Special Interest and Banks Buying Tax Laws and Banking Regulation Laws

If you’re a member of Congress and on the right committees, you are positioned to get very huge campaign funds from special interest.

“The committees in the House of Representatives that oversee tax writing and regulation of the financial industry have provided huge boosts to their members’ campaign fundraising accounts over the last nine congresses, according to a new study from the Sunlight Foundation, a campaign finance watchdog.

Seats on the House Ways and Means Committee, which oversees tax writing, added more than half a million dollars over mean fundraising totals, while assignments on the House Financial Services Committee add nearly $300,000 when donations from individuals and political action committees are combined, the Sunlight Foundation found in its analysis of the 103rd-111th Congresses.”


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