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LINK Ted Cruz admits a bit too much about influence of corporate cash

April 30, 2021, 8:25 AM CDT
By Steve Benen
Three years ago this week, Mick Mulvaney spoke to a group of banking industry executives, who were likely eager to hear what he had to say. By that point, the Republican was already a highly influential figure in the Trump administration, leading both the White House budget office and the Consumer Financial Protection Bureau, so when the former South Carolina congressman agreed to offer bankers some guidance, they were ready to listen.

"We had a hierarchy in my office in Congress," Mulvaney said. "If you're a lobbyist who never gave us money, I didn't talk to you. If you're a lobbyist who gave us money, I might talk to you."

As we discussed at the time, cynics who assume the worst of federal officials often suspect members of Congress sell access to lobbyists, but it was exceedingly rare to hear a prominent politician brag about such casual corruption in public. Mulvaney, ostensibly in a role to regulate financial industry excesses, was advising bankers on how to effectively purchase politicians' attention.

All of this came to mind yesterday while reading Sen. Ted Cruz's (R-Texas) Wall Street Journal op-ed, denouncing "woke corporations" -- a Republican concern that went from non-existent to mind-numbingly tiresome with amazing speed -- and executives who've had the audacity to criticize the GOP's voter-suppression efforts.

The ostensible point of the Texas Republican's essay was an announcement that he would no longer accept corporate PAC contributions. But while making this declaration, Cruz went quite a bit further about how he believes the system on Capitol Hill works:

This is the point in the drama when Republicans usually shrug their shoulders, call these companies "job creators," and start to cut their taxes. Not this time. This time, we won't look the other way on Coca-Cola's $12 billion in back taxes owed. This time, when Major League Baseball lobbies to preserve its multibillion-dollar antitrust exception, we'll say no thank you. This time, when Boeing asks for billions in corporate welfare, we'll simply let the Export-Import Bank expire.

Hmm. So according to this sitting Republican senator, he and his own GOP colleagues have been content to "look the other way" when corporations have failed to act in the public interest. Indeed, by Cruz's telling, it's worse than that: Republicans didn't just "look the other way," they also cut corporations' taxes and delivered "corporate welfare," too, while accepting the businesses' campaign contributions.

The Texan's op-ed added:

In my nine years in the Senate, I've received $2.6 million in contributions from corporate political-action committees. Starting today, I no longer accept money from any corporate PAC. I urge my GOP colleagues at all levels to do the same. For too long, Republicans have allowed the left and their big-business allies to attack our values with no response. We've allowed them to ship jobs overseas, attack gun rights, and destroy our energy companies.

Cruz concluded, in a message directed at corporate executives, "When the time comes that you need help with a tax break or a regulatory change, I hope the Democrats take your calls, because we may not. Starting today, we won't take your money either."

HippieChick58 9 Apr 30
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Since he couldn't/wouldn't recognize the truth if it fell on him, yawn

Denial ain't just a river in Egypt.

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