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Tuesday, May 29, 2018

The Tax Bill and the Revolving Door

Naomi Jagoda and Megan R. Wilson at The Hill:
Republican aides in Congress who were instrumental in writing the sweeping tax law last year are hitting the exits to take jobs in the lobbying industry.

At least a half dozen high-profile GOP staffers have departed or are departing Capitol Hill, swapping jobs in the legislative branch for plum postings at firms like Akin Gump and Squire Patton Boggs.
“It's not unusual for staffers on the Hill, after they've worked on a major piece of legislation like tax reform, to then want to move on. In their minds, they’ve done and accomplished what they wanted to do and then they move on,” said Ivan Adler, a principal at The McCormick Group.


“Having a background in making tax policy is a very wanted skill set on K Street,” Adler said. “The deal is this: it's when organizations are looking to hire congressional staffers, there's always a risk and reward thing on whether it's going to work out, but this is the ‘Jerry Maguire’ thing. They're like popcorn kernels in the pan — some pop, some don't. But, in general, there has been low risk in hiring tax policy experts to go to K Street.”

“The old adage that there are two things true in life, taxes and death? It's really true. There's going to be a lot to do in implementing the tax law and these tax staffers will be incredibly useful in navigating those tricky waters,” he added.