Heritage Foundation on Government Reform | |
Special interests oppose term limits because they do not want to lose their valuable investments in incumbent legislators. Many are organized to extract programs, subsidies, and regulations from the federal government--to use the law, in other words, as a lever to benefit their own constituencies or harm their rivals. Lobbyists will be decimated by term limits that force them to relearn the priorities of new Members and make arguments on the merits, not on the strength of personal connections.
But there is yet another cost: that of stifled innovation, due to fear of punitive class-action lawsuits.
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