Axios Jul 28
DC lobbyists prepare for tax reform battle
Boston Globe's Victoria McGrane writes about the D.C. lobbyists who are preparing for the "hunger games" of tax reform:
- "The business community has been quietly shaping terms of the debate and building support behind the scenes for what they hope is a massive reduction in business taxes."
- Chris Krueger, a policy analyst at the Cowen Washington Research Group, in a recent note to clients: "One person's loophole is another's business model and entrenched interests will fight to the death — because tax reform is the corporate 'Hunger Games.'"
- A change of tune: "Trump this week told The Wall Street Journal he might be willing to raise individual taxes on the wealthy, if it would pay for a middle-class cut. ... [W]ith his agenda stalled in Congress thus far, any rich-versus-middle-class battle could play into Democrats' hands."