After spending roughly $27 million lobbying Congress in 2017 on taxes, a major D.C. lobby group representing corporate CEOs is now quietly pouring tens of thousands of dollars into radio ads in Nevada to reward Heller for his role in voting for and helping write the Republican tax bill. The rich corporate executives who make up Business Roundtable are benefiting enormously from the GOP’s massive, permanent corporate tax cut giveaway that’s fueling a historic stock buyback binge on Wall Street.
Nevada State Democratic Party spokesperson Sarah Abel released the following statement:
“Senator Heller helped give big corporations trillions from the Republican tax bill, and now their CEOs are rewarding him with ads supporting his campaign. The truth is that Heller’s tax cut for the wealthiest and corporations will spike health care premiums for many Nevadans and will add more than $1 trillion to the national debt that Republicans already say should be paid for with cuts to Medicare. Heller’s tax scam is a huge giveaway to rich special interests, and Nevadans are seeing right through it.”
A national organization that represents CEOs from America’s largest companies sponsored radio ads in Las Vegas and Reno thanking U.S. Sen. Dean Heller for passing the tax reform bill.
Business Roundtable reportedly spent an estimated $51,000 on the ads. The Washington, D.C.-based group lobbied heavily for the tax bill, which was crafted in part by Heller, spending an estimated $27 million on lobbying efforts in 2017.
The 30-second ad claims that tax reform is “already making a difference” — companies are delivering bonuses, wage increases and new family leave benefits, it says. It asks listeners to text “reform” to 52886 to thank Heller.
“Businesses large and small have more opportunities to innovate, invest and grow under the new tax system that means more jobs and bigger paychecks for Nevada’s family’s,” the ad said.
Opponents of the GOP tax bill say it will add actually add $2 trillion to the national debt.