Adam Carasso

Partner /

Adam Carasso is a partner at Capitol Counsel, LLC, with nearly three decades of experience in federal tax policy and economic affairs. Carasso most recently served as the Director of Federal Affairs for Tax at Corning Incorporated, where he led advocacy efforts on corporate and international taxation, the Inflation Reduction Act, and the CHIPS and Science Act. Prior to that, Carasso was Senior Tax and Economic Adviser on the Senate Finance Committee under Chairman Ron Wyden (D-OR) for nine years, where he made significant contributions to landmark tax legislation. Carasso also served as Chief Economist for the House Budget Committee under Chairmen John Spratt (D-SC) and Chris Van Hollen (D-MD), where he guided the Committee through the economic challenges of the 2008-09 financial crisis. He has earned the respect of policymakers across the political spectrum. During his tenure at the Urban Institute, his research was featured on National Public Radio and in major publications such as The Washington Post, The Wall Street Journal, The New York Times, and the Los Angeles Times, underscoring his influence in the field.

Education

  • University of Maryland – M.P.P.
  • University of Maryland – B.A.

Positions Held

  • Corning Incorporated – Director, Federal Affairs for Tax
  • Senate Finance Committee – Senior Tax & Economic Adviser
  • House Budget Committee – Chief Economist
  • New America Foundation – Research Director
  • Urban Institute – Research Associate

Successes

Carasso’s successful tenure at Corning included securing grants and regulations worth hundreds of millions of dollars for the company’s expansion into solar and semiconductor manufacturing. On the Finance Committee, Carasso’s contributions shaped major legislation, including the Inflation Reduction Act of 2022, Infrastructure Investment and Jobs Act of 2021, American Rescue Plan of 2021, CARES Act of 2020, Taxpayer First Act of 2019, PATH Act of 2015, and the Statutory PAYGO Act of 2010.