Debt Talks Worry Lobbyists

Townhall.com Staff
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Posted: Jun 22, 2011 9:12 AM
Debt Talks Worry Lobbyists
K Street lobbyists are scrambling to defend industry tax breaks and spending programs from ending up as fodder to reduce the deficit in the debt limit talks led by Vice President Joseph Biden.

A lack of news about the specific cuts under consideration by the close-lipped bipartisan group, coupled with last week's surprising 73-27 Senate vote to eliminate long-sacrosanct ethanol tax subsidies has put lobbyists in a defensive crouch.