CAPITOL COUNSEL ADDS TAX EXPERTISE: Capitol Counsel has beefed up its tax practice ahead of next year’s tax bonanza. Adam Carasso has joined the firm as a partner after spending the past two years as the top tax lobbyist for manufacturer Corning, Inc., where he helped secure hundreds of millions of dollars in grants or other benefits for the company under the Inflation Reduction Act and the CHIPS and Science Act.
— Prior to his time at Corning, Carasso worked on the Hill for more than a dozen years, most recently as a senior tax and economic adviser to the two most recent Democratic leaders on the Senate Finance Committee — current Chair Ron Wyden (D-Ore.) and former Chair Max Baucus (D-Mont.) — and worked on major pieces of legislation including the coronavirus relief packages and the IRA. Carasso also served as the chief Democratic economist for the House Budget Committee.
— Earlier this summer, the firm made another key addition to its tax practice, bringing on longtime tax reporter-turned-lobbyist Jay Heflin as a principal. Heflin covered tax policy for more than a decade before joining Federal Policy Group. Most recently, he did a stint as a business editor for the Washington Examiner and then served as director of tax legislative affairs for an accounting firm.
— Both Carasso and Heflin will work with the firm’s existing tax team, which is led by David Olander, in the hopes of helping clients navigate tax negotiations by a Congress that is sure to be narrowly divided regardless of how November’s elections turn out.
Read more here: https://www.politico.com/newsletters/politico-influence/2024/09/25/capitol-counsel-beefs-up-its-tax-practice-00181046