The Baucus revolving door keeps spinning: IRS official involved in ObamaCare, Dodd-Frank cashes out to K Street 

You know you're reading about a newly hired lobbyist when you read words like this:

During her tenure on the Finance Committee, Baker managed the development of several major tax provisions, .... Baker also worked on tax provisions in such significant legislation as the Patient Protection and Affordable Health Care Act, the American Recovery and Reinvestment Act, the Emergency Economic Stabilization Act, the Economic Stimulus Act, and the Tax Increase Prevention and Reconciliation Act.

That's a press release from K Street lobbying giant K&L Gates, about their newest hire, Mary Burke Baker. Baker was an IRS employee and through the IRS, a "detailee" to the Finance Committee, where she "authored many floor statements, opening statements and press releases on behalf of Chairman Max Baucus concerning corporate, small business and individual tax policy and tax administration matters," according to her K&L Gates bio.

Baucus's is office is a major hub of the revolving door, with 36 of his former staffers in the Center for Responsive Politics' "Revolving Door" database (for some reason former WellPoint VP for Government Affairs Liz Fowler and current HHS official Liz Fowler isn't included in the CRP's list).

Again, I'll point out: if Baker's work had resulted in less regulation, fewer bailouts, simpler taxes, and lower taxes, she would be a lot less valuable as a lobbyist/consultant. As I have written before, there's a pattern: subsidize them, regulate them, work for them.

P.S. Today at Future of Capitalism, Ira Stoll blogs about the lawyers defending insider trading suspects -- three of the lawyers are former federal officials.

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Timothy P. Carney

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