Turning Off the Money Spigot
It was only a three-paragraph statement by a head of an industry trade group and it could easily have gone unnoticed. But this was a challenge to The Way Things Are Done.
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Delivered daily
Kiplinger Today
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more delivered daily. Smart money moves start here.
Sent five days a week
Kiplinger A Step Ahead
Get practical help to make better financial decisions in your everyday life, from spending to savings on top deals.
Delivered daily
Kiplinger Closing Bell
Get today's biggest financial and investing headlines delivered to your inbox every day the U.S. stock market is open.
Sent twice a week
Kiplinger Adviser Intel
Financial pros across the country share best practices and fresh tactics to preserve and grow your wealth.
Delivered weekly
Kiplinger Tax Tips
Trim your federal and state tax bills with practical tax-planning and tax-cutting strategies.
Sent twice a week
Kiplinger Retirement Tips
Your twice-a-week guide to planning and enjoying a financially secure and richly rewarding retirement
Sent bimonthly.
Kiplinger Adviser Angle
Insights for advisers, wealth managers and other financial professionals.
Sent twice a week
Kiplinger Investing Weekly
Your twice-a-week roundup of promising stocks, funds, companies and industries you should consider, ones you should avoid, and why.
Sent weekly for six weeks
Kiplinger Invest for Retirement
Your step-by-step six-part series on how to invest for retirement, from devising a successful strategy to exactly which investments to choose.
It was only a three-paragraph statement by a head of an industry trade group and it could easily have gone unnoticed. But this was a challenge to The Way Things Are Done. Unhappy that the just-passed economic stimulus plan did not do not do more to help the struggling housing industry, the president of the National Association of Home Builders let it be known that NAHB's political action committee would halt contributions to congressional campaigns "until further notice."
Makes sense, right? You don't pay for what you don't get. But in Washington, lobbyists are not supposed to expect anything explicit for contributions. Legally, that wouldn't be a campaign contribution but a bribe. It's one of the great fictions in Washington that there is no direct connection between campaign cash and legislation -- that lobbyists expect only access to lawmakers, not favors from them. No one believes that but everybody repeats it. To do otherwise would deprive lawmakers of their lifeblood and lobbyists of their livelihood. But now NAHB, one of the largest industry groups in town with a PAC that routinely spreads over a million dollars a year to campaign coffers, is breaking the rules.
NAHB clearly hopes that its sharp message will make a difference. But the risk is that NAHB lobbyists will be wandering the halls of official Washington looking in vain for an open door.
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
-
Dow Leads in Mixed Session on Amgen Earnings: Stock Market TodayThe rest of Wall Street struggled as Advanced Micro Devices earnings caused a chip-stock sell-off.
-
How to Watch the 2026 Winter Olympics Without OverpayingHere’s how to stream the 2026 Winter Olympics live, including low-cost viewing options, Peacock access and ways to catch your favorite athletes and events from anywhere.
-
Here’s How to Stream the Super Bowl for LessWe'll show you the least expensive ways to stream football's biggest event.
-
Kiplinger's 2020 Election ForecastPolitics For nearly a century, The Kiplinger Letter has forecasted the outcome of presidential elections to keep readers informed of what's coming and what it means for them. Here's our call for 2020.
-
How the GOP Tax Bill May Affect BusinessesBusiness Costs & Regulation Corporations would enjoy a lower flat tax rate while individual owners of pass-throughs would also see a lower rate, but with more complex terms.
-
The Long Slog in Congress After ComeyPolitics Trump's firing of the FBI director ruffled congressional feathers, but not enough to spur an independent investigation into Russian meddling in the 2016 U.S. election.
-
Trump’s Tax Reform Plan Faces Tough ChallengesPolitics A one-page outline isn't enough to satisfy a Congress interested in the details — and protecting constituents.
-
Trump's Agenda and ChallengesPolitics What lies ahead for the President-Elect.
-
Clinton on Track to Win 2016 Presidential ElectionPolitics Trump can win the White House, but faces an uphill climb.
-
New Overtime Rules Will Hit Businesses This YearBusiness Costs & Regulation A change in salary threshold will make more workers eligible for extra pay.
-
Bumpy Road Ahead in 2016 Presidential RacePolitics Trump will get a bounce after the Republican convention, but Clinton is poised to regain ground.