Anyone in the media talking about raising income tax rates on the top two income brackets should disclose their possible conflict of interest. "Full disclosure, I fall into the top tax bracket myself, so I would personally be affected by changing this rate."
"Special deal" lawmaking is precisely what keeps Americans disgusted with politics in Washington. And it ultimately could lead to the undermining of even more laws that are meant for the public's good.
This is not the first piece of sensible legislation that NRA-backed Democrats have jeopardized because of their allegiance to the NRA and the money it pours into their campaigns. But now is the time for this to stop.
History instructs that the "independence" of the regulator is beside the point. Consumer protection depends on altering the fundamental relationship between the buyers and sellers of financial products.