The Tax Plan To Kill K Street
Yes I stole the title from George Will. Unlike will, I don't think we can kill K street by 'simply' changing our fundamental tax structure. Whether we tax based on income or sales or assets, K street will do just fine. But there is a much simpler change we could make to the tax code that would go a long way towards reducing its power. Those little boxes on the tax forms that ask if you want $3 to go to the presidential campaigns... change them so that they ask which campaign, party or political action committee you want your $3 dollars to go to. The top ten or so could be listed right on the form, and there could be a space for a write-in.
Under the present system, most people do not check the box. Famously, George Bush did not, even though he accepted the money. But if he knew that the whole $3 would go to Republicans, instead of being split with the Democrats, he certainly would have--and he would have made an effort to encourage every Republican to do likewise. The same goes for the Democrats. That would effectively raise the Federal election fund from about $100 million every four years to about $600 million a year--enough to seriously weaken the power of the lobbyists. They could be weakened even further if people let their favorite party or politician know that the more they get from K street, the less they'll get from the people.
Here's how I think it would play out. I'm not about to vote for Nader just because Kerry has taken too much from United Special Interests Of America, but I might send my $3 elsewhere. If enough people do that, then Kerry (or Joe politician) might realize that K street's money just isn't worth the trouble.
Under the present system, most people do not check the box. Famously, George Bush did not, even though he accepted the money. But if he knew that the whole $3 would go to Republicans, instead of being split with the Democrats, he certainly would have--and he would have made an effort to encourage every Republican to do likewise. The same goes for the Democrats. That would effectively raise the Federal election fund from about $100 million every four years to about $600 million a year--enough to seriously weaken the power of the lobbyists. They could be weakened even further if people let their favorite party or politician know that the more they get from K street, the less they'll get from the people.
Here's how I think it would play out. I'm not about to vote for Nader just because Kerry has taken too much from United Special Interests Of America, but I might send my $3 elsewhere. If enough people do that, then Kerry (or Joe politician) might realize that K street's money just isn't worth the trouble.
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