How Susan Collins Caved to Private Equity

ProPublica: “In late November 2017, Senate Republicans were racing to secure the votes for their sweeping tax overhaul. With no Democrats supporting the bill and even some Republicans wavering, Sen. Susan Collins, the Maine Republican, found herself with enormous leverage. The day before the vote, she offered an amendment to make the legislation, which lavished tax cuts on corporations and the wealthy, more equitable…”

“Then Collins backed down. The day after she introduced it, as the Senate voted on the bill, a Republican Senate aide told a Treasury Department official that Collins was ‘no longer offering her amendment,’ according to emails obtained by ProPublica through a Freedom of Information Act lawsuit. … Her turnabout has been one of the mysteries surrounding the $1.5 trillion tax bill, which slashed the corporate rate.”