The Era Of Special Interests is Over - Part 429

Arlen Specter Goes to Bat for the Trial Bar - WSJ.com: "To show what a loyal tort-lobby servant he is, Mr. Specter has also introduced a bill to let attorneys claim an up-front tax deduction on expenses they incur while building contingency fee cases. Amazing but true: Mr. Specter wants to give a tax cut to sustain the likes of Mel Weiss or Dickie Scruggs in the yachts to which they have become accustomed while they await jackpot jury verdicts. Even Democrats are too embarrassed by this giveaway (estimated cost: $1.6 billion) to pass it as a stand-alone bill, so tort lobbyist Linda Lipsen recently said “we have to tuck it into something” else, such as another “tax vehicle.”"