Tag Archives: crony capitalism

House passes new tax on concrete companies

The swamp is winning! The Republican House today passed a new law that not only imposes a new tax on concrete industry, it creates a crony Concrete Masonry Products Board to help keep its buddies in that industry in charge.

The bill, introduced by Rep. Brett Guthrie, R-Ky. (F, 45%), would create a Concrete Masonry Products Board composed of 15-25 members appointed by the Department of Commerce after a referendum approval by producers of concrete masonry products. This board will have the power to establish, finance, and carry out a “coordinated research and education program,” ostensibly to “promote masonry products in the domestic market,” according to a legislative bulletin email from the Republican Study Committee. This program will be paid for by a “federally administered assessment.”

This is corruption, pure and simple. We don’t need this. All it accomplishes is to force the public to pay for this fake board whose only real purpose, when you strip it down to its essentials, will be to favor the already established U.S. concrete companies.