Corporate Lobbyists at the Feeding Trough

Source: New York Times, February 17, 2005 "These are heady days on Capitol Hill for business lobbyists," writes Stephen Labaton. "After suffering numerous setbacks in President Bush's first term, business lobbyists now say they have the wind at their backs." In addition to pushing for "tort reform" (which limits what people can collect in damages if they sue a corporation), lobbyists are also getting Congress to ram through new legislation that "would make it significantly more difficult and expensive for poor and moderate-income families to use bankruptcy protection to shield themselves from creditors. The bill's supporters say it is necessary to curb abusive filings, although its critics say it is largely a gift to the credit card and banking industries."