The revolving door, in my opinion, is the most pernicious aspect of the large sprawling intersection of money and government power. You could rename the House Ways & Means Committee the Future Tax Lobbyists of America.
Rep. Rod Blum, R-Iowa, has proposed a lifetime ban on lobbying by former members. Most impressive is his understanding of the corrupting nature of the revolving door:
Blum says the “incentives” of serving in Congress are backwards, as lobbying groups continually offer politicians lucrative post-electoral careers. “So when they’re a congressional member, they’re actually incentivized to pay more attention to special interest groups than to their constituents….”
Incentives, incentives, incentives. The revolving door provides incentives for more government intertwinement with industry, in a way that benefits the big guys.
Democratic Senators have proposed the same sort of legislation in the past.
