A new plan in Congress to tackle the problem of insider trading might seem like an honest reckoning with corruption in our country’s legislature. But is it really a scheme to placate the electorate while growing their personal profiles even more? Because the option remains to convert their funds into treasury bonds and save millions of dollars in capital gains tax. Former congressman Rep. Alan Grayson (D-Florida) shares his insights. He says prosecutors need to step up because Congress will never police itself when there is so much money to be made. He also says the proposed reforms risk inviting millionaires to run for office only for the sake of saving money on taxes.
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