Lobbyists Swarm DC as Democrats Plot New Spending and Taxes – By Michael Rainey (The Fiscal Times) / July 22 2021
Democrats’ push for trillions of dollars in new spending – and the taxes to help pay for it – is proving to be good news for the lobbying industry in the nation’s capital. According to Roll Call Thursday, some K Street lobbying firms have reported record revenues in the first six months of 2021, as clients scramble to influence the scope of the emerging legislation.
Companies want to know how the still-developing infrastructure and social welfare plans could affect them and are looking for ways to sway lawmakers as they write new rules and create new programs. Firms are also looking for ways to protect themselves from changes in the tax code.
The visible hand of government: Karishma Page of the firm K&L Gates, which earned a record $10 million in the first half of the year, described the current lobbying environment: “Responding to a once in a century crisis, the Biden Administration and Congressional Democrats continue to embark on one of the most ambitious policy agendas in recent history. The impact will be far-reaching across the economy and society, possibly for decades to come. Fates are being written.”
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