active financing exception
Exit polling data from Election Day showed clear majorities in against growing corporate influence on the political process and in favor of greater corporate accountability. The message is clear: inversions must stop, corporate tax avoidance must end, and special corporate loopholes must close.
Our representatives will need to pass a continuing resolution to ensure funding for the federal government, and they're also likely to renew a collection of 55 temporary tax breaks, known as "tax extenders," that are set to expire at the end of this year.
Tucked inside the last-minute fiscal cliff package were more than a dozen tax loopholes, many of which will benefit Wall Street financial firms and some of the nation's biggest corporations. One of the more unusual tax benefits in the fiscal cliff legislation is a longstanding carve-out for racetracks used by NASCAR.
In Elmendorf's firm, the Active Finance Working Group has a top-flight team: All eight of the Elmendorf Ryan lobbyists working