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Private Sector Pay Lures Lawmakers

For many lawmakers, the cost of public service stretches far beyond congressional wages into real, appreciable terms – mortgages, college tuition and the cost of raising a family. For lawmakers who aren’t independently wealthy, the financial draw of the private sector can be a potent lure, and the value of their years of access and legislative experience can often fetch a hefty price tag in industry groups and private firms. “It’s a fact of life, the cost of education and raising kids is going up. It makes the private sector more attractive to policy-makers,” said Kenneth Bentsen, Jr. current CEO of the Equipment Leasing and Finance Association. Bentsen is a father of two… Read More