Kate Ackley

6 days ago | news.bloomberglaw.com | Zach Cohen |Chris Cioffi |Kate Ackley

Daily Tax Report ®EmailApril 18, 2025, 8:45 AM UTCExpiration of the GOP’s 2017 tax law is speeding campaign contributions from big business and other interests seeking to woo lawmakers in charge of the renewal. House and Senate Republican tax writers saw a more than 60% fundraising first quarter bump compared with the same period two years ago. It comes as lawmakers work on a multitrillion-dollar bill to extend individual and business tax cuts that expire at year’s end if Congress doesn’t act.

6 days ago | news.bloombergtax.com | Zach Cohen |Chris Cioffi |Kate Ackley

Expiration of the GOP’s 2017 tax law is speeding campaign contributions from big business and other interests seeking to woo lawmakers in charge of the renewal. House and Senate Republican tax writers saw a more than 60% fundraising first quarter bump compared with the same period two years ago. It comes as lawmakers work on a multitrillion-dollar bill to extend individual and business tax cuts that expire at year’s end if Congress doesn’t act.

2 weeks ago | news.bloombergtax.com | Zach Cohen |Chris Cioffi |Michael Bologna |Kate Ackley

President Donald Trump’s pick to lead tax policy at the Treasury Department boasts a history of representing big financial companies as well as clients dedicated to a tax break Trump wants to unwind. Kenneth Kies, Trump’s nominee to serve as assistant Treasury secretary for tax policy, lobbied on behalf of private equity firms, which are keen to preserve a lucrative tax benefit for venture capitalists, as well as hedge fund and other investment managers.

1 month ago | news.bgov.com | Kate Ackley

President Donald Trump kick-started efforts to dismantle the Education Department, but fully demolishing it would require a Herculean lift in the House and a miracle in the Senate. Trump plans to sign an executive order on Thursday afternoon to proceed with gutting the Education Department. While his administration has already instituted mass layoffs and deep cuts, it can’t completely shutter the department without an act of Congress.

1 month ago | news.bloombergtax.com | Naomi Jagoda |Kate Ackley

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