Light bulb lies and lobbying (Part 1)

Bulb manufacturers will be lobbying to kill the non-repeal of the incandescent light bulb ban.

Politico reports:

… Big companies like General Electric, Philips and Osram Sylvania spent big bucks preparing for the standards, and the industry is fuming over the GOP bid to undercut them.

After spending four years and millions of dollars prepping for the new rules, businesses say pulling the plug now could cost them. The National Electrical Manufacturers Association has waged a lobbying campaign for more than a year to persuade the GOP to abandon the effort.

Manufacturers are worried that the rider will undermine companies’ investments…,” said Kyle Pitsor, the trade group’s vice president of government relations…

This is a case study in rentseeking and crony capitalism.