An industry clamored for more regulation—because it had a financial interest in doing so.
Veronique de Rugy | June 30, 2016
Cronyism is the ugly marriage between special interest groups and politicians, which results in an abuse of the government's power to grant special privileges to a few winners—for example, unfairly preventing competition or doling out subsidies and bailouts at the expense of taxpayers.......A look at who is behind this rule tells you all you need to know about how misguided it is. During the public comment sessions, the domestic catfish farming industry was very vocal about the need for more regulations and oversight of their business. This seems odd because it's not often that one hears of an industry clamoring for more regulations—that is, of course, unless it has a financial interest in doing so..........As Heritage Action for America's Dan Holler recently told me, "the choice between consumers and well-connected parochial special interests should not be difficult for Republican leaders. With a presidential signature likely and a clear majority of House Republicans in support of overturning the ... rule, now is the time to act." But will they?.......Read more
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