Appearing on Fox News’ Hannity with guest-host Eric Bolling, Breitbart News Senior Editor-at-Large and Government Accountability Institute President Peter Schweizer said Washington’s politicians are finding more creative ways to use the tax code to milk various industries to their benefit.
Bolling noted that 55 new laws will bring in an estimated $54 billion in tax increases in 2014. Schweizer emphasized that Congress always finds a way to use creative accounting to get around the Congressional Budget Office and various “pay-as-you-go” requirements.
Schweizer, regarded as the leading authority on crony capitalism in the country, said that the myriad of new laws represent a “classic” case of “what happens in Washington, D.C.” He noted that politicians “are not going to do this without getting paid to do this.”
He also said that politicians want to put in tax extenders and not make various tax cuts permanent because they “want to turn it into an annuity” so they can get industries like the high-tech industry to “give them donations” and “hire family members as lobbyists.”
Schweizer said Washington’s standard operating procedure is “destructive for the economy,” but it is “great for the political class in Washington, D.C.”
“Lobbyists don’t get hired if problems are solved,” Schweizer said.