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Banking on Democracy

Author Alex Tausanovitch argues that the mere fact that a bank deregulation bill sits atop the legislative agenda is a reflection of the outsized influence of lobbyists and special interests in Congress.

Over the last 15 months, Congress had only one major legislative accomplishment: a tax bill that delivered most of its benefits to corporations and wealthy individuals. Now, Congress is on the verge of a second achievement: de-regulating multi-billion-dollar banks.

Americans of all political stripes ought to be wondering why, at a time when there are so many other public concerns, Congress is almost exclusively interested in the priorities of the extremely well-to-do. Guns, healthcare, immigration and other issues have been at the forefront of the public debate. Bank de-regulation… not so much.

The above excerpt was originally published in Morning Consult. Click here to view the full article.

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Alex Tausanovitch

Former Senior Fellow