Massachusetts Sen. Elizabeth Warren recently shared her plan that would end excessive lobbying by imposing a 35% to 75% tax on companies that spend over $500,000 per year on lobbying, according to the Washington Examiner. The tax would charge 35% on expenditures utilized to lobby by corporations who spend $500,000 to $1 million on lobbying, with the tax percentage increasing up to 75% as the amount being spent increases.
Critics argue that the proposed plan can’t be executed given its contradiction to a corporation’s constitutional right to lobby. “Congress cannot pass a law explicitly aimed at curbing their ability to exercise that right by way of a punitive tax,” writes Philip Klein who shared his critique of Warren’s proposal. Rather than suggesting taxes for corporate expenditures, Klein suggested shrinking the power of the federal government over the economy so that their decisions will no longer financially benefit corporations.