Skip to content

International Fox News

GOP Lawmakers Target New Wealth-Redistribution Loophole in Tax Bill

The GOP is targeting a new 'get filthy rich' loophole that could benefit lawmakers and their allies, as Congress considers legislation aimed at strengthening ethics laws.

The Republican-led Senate is targeting a potential new 'get filthy rich' loophole that would allow some lawmakers and congressional staff to profit from lucrative consulting work once they leave office. The proposed amendment aims to limit such arrangements, which have been criticized for enriching individuals with close ties to Congress. This move follows recent efforts to crack down on similar loopholes. If enacted, the measure could potentially prevent lawmakers from cashing in on their relationships with constituents and special interests after leaving office.

Brief written with AI from reporting by Fox News. All rights to the original story belong to the publisher.

Read the original on Fox News
Share