The Club for Growth, which advocates making permanent some tax cuts and eliminating entirely others that, over just two years, would amount to more than $765 billion in lost revenues over two years, is a top donor to two of the three Republican Senators on the Joint Select Committee on Debt Reduction--the super committee. Other top donors include a hedge fund run by a top Republican donor that invests in, among other things, defaulted debt of sovereign nations, corporations trying to shield income earned overseas from U.S. taxes, and utility firms seeking to avoid regulation of greenhouse gases.
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Lobbyists can not only attempt to influence members of the deficit-cutting super committee by donating to their campaign, but they also have another tool: giving to good causes that honor them.
Companies, advocacy groups and their lobbyists have spent at least $715,000 to honor and cover meetings costs for the 12 members of the super committee during the first half of the year, according to lobbying disclosures filed this month with the Senate Office of Public Records. In some cases, these payments were made in honor of many members of Congress—not only those on the Super Committee.
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