[Las Vegas 2nd Reuters]-Senator Elizabeth Warren (Massachusetts), aiming to nominate Democratic candidates in the 2020 US presidential election, spends more than $ 500,000 a year on lobbying for the federal government A plan to tax companies and organizations was clarified.
Warren has made corruption eradication a pillar of his campaign. Public opinion polls steadily gained support and are contending with Senator Bernie Sanders, second only to former Vice President Biden.
Warren has previously proposed to tax excess lobbying as part of anti-corruption measures, and to ban most of the federal officials from becoming a lobbyist for life. In addition, lobbyists were prohibited from donating lobbyists to lobbying candidates and lobbying on behalf of foreign organizations.
He revealed the outline of the taxation proposal this time. According to it, the tax rate is 35% if the lobbying fee is 500,000 to 1 million dollars a year, 60% if 1 million to 5 million dollars, and 75% if it exceeds 5 million dollars.
Warren's faction estimated that if this tax system was introduced 10 years ago, 1600 organizations were covered and $ 10 billion in taxes were collected.
