Earth Equity News

As Momentum Builds Toward Tax Reform, Lobbyists Prepare for a Fight. By Jerry Markon, WashPost, March 9, 2013. “While the standoff over sequester spending cuts and other budget battles have been grabbing headlines, momentum has quietly been building toward a once-in-a-generation push to overhaul federal taxes, an effort that would likely affect nearly every family and business. Tax reform edged closer to center stage in recent days after President Obama opened conversations with Republicans over a deal to tackle the federal deficit… Lobbying over the tax code has more than tripled since Obama took office, disclosure records show. And the pace of activity accelerated toward the end of last year amid the fight over the ‘fiscal cliff,’ as lawmakers from both parties sought to turn the struggle over tax rates into a discussion about overhauling the tax code… Some of the heaviest lobbying has come from the oil and gas industry, which has been targeted by Obama and other Democrats for what they consider preferential tax breaks.”