November 27, 2012

JUST ANOTHER ARGUMENT FOR MY PROPOSED SURTAX ON “EXCESS” POST-GOVERNMENT EARNINGS: Obama Officials to Cash Out at Top Lobbying Firms. “President Barack Obama campaigned on shutting the revolving door that allows administration officials to peddle their influence on K-Street, but top administration officials are looking to land some of the highest-paying lobbying jobs during Obama’s second term. Some top-level officials had already been in negotiations with lobbying firms before Obama even won reelection. . . . Salaries for former Obama cabinet officials could start at $1 million while former assistants and special assistants can make more than $500,000 and $300,000, respectively. ”

I originally proposed a 50% surtax, but could be talked into making it 75%. . . . More here. John Boehner, Saxby Chambliss, and Bob Corker, take note!