Daily Beast: High Stakes for GOP Primaries

I spoke with Gideon Resnick of The Daily Beast about the upcoming primaries and their implications for the GOP in the November midterm elections.

While political pros have mocked the ads, Blankenship’s incendiary approach has earned him more press attention, if much of it negative, than his opponents Rep. Evan Jenkins and state Attorney General Patrick Morrisey.

“Hard to expect the media to avert its eyes from the Blankenship circus, particularly in a click-driven environment, but I think there is a real tail risk,” Republican strategist Liam Donovan observed. “Dominating the conversation for negative reasons is still dominating the conversation, and with just days to go that really matters. It would be naive to think that wasn’t his goal in releasing this ridiculous ad.”

Click here to read the entire piece.

 

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Bloomberg Tax: Technical Corrections Wish List

I spoke with Laura Davison of Bloomberg Tax about the outlook–and wish list–for technical corrections in the wake of TCJA.

Lawmakers will likely have only a handful of opportunities this year to pass technical corrections, which tax practitioners say they need quickly, and definitely before the 2019 tax filing season. Lawmakers must pass legislation, which will include a tax title, reauthorizing the Federal Aviation Administration by Sept. 30. Another year-end vehicle for tax legislation could surface if Congress passes a short-term spending bill in the fall.

“At the end of the day, it’s still going to come down to the Democrats’ willingness to play ball, and specifically what their ask will be,” Liam Donovan, a tax lobbyist at Bracewell LLP in Washington, told Bloomberg Tax April 12.

Click here to read the entire piece.

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Bloomberg Tax: Bipartisan Breakthrough Gives “Orphans” New Life

My Bracewell colleague Vivian Ouyang and I penned an analysis piece in today’s Bloomberg/BNA Daily Tax Report:

Congress last month reached a sweeping two-year budget deal, breaking a months-long legislative logjam and providing a vehicle for a laundry list of non-controversial items that had been captive to the broader standoff over immigration. In addition to establishing higher spending caps for 2018 and 2019 and funding the government for six weeks while a long-term omnibus bill is written, the package included everything from a year-long debt ceiling increase to $89 billion in disaster aid. But it was the tax title that provided the most suspense, as the fate of the so called “orphaned” renewable technologies remained up in the air until the release of the legislative text. In the end, Congress passed, and the President signed into law, a multi-year extension and phase-out of the investment tax credit (ITC) for geothermal heat pumps, fuel cells, small wind, hybrid solar, and combined heat and power systems, while providing a one-year retroactive reprieve for more than 30 other lapsed “extender” provisions.

You can read the full piece here.

A version of this piece originally ran as part of the Bracewell Tax Report, a biweekly publication of brief, timely updates on recent developments in the tax world. To subscribe, click here.

Previous editions of the BTR:

Week of February 26

Liam & Vivian topic: Prepaid Power Contracts

Week of February 12

Liam & Vivian topic: Bipartisan Budget Breakthrough Gives Orphans New Life

Week of January 31

Liam & Vivian topic: After Tax Bill Two-Step, Orphan Hopes Rest on Extenders

Week of January 15

Liam & Vivian topic: Renewable Energy & 100% Bonus Depreciation

Week of January 2

Liam & Vivian topic: TCJA Provisions Affecting the Renewable Energy and Power Industry

 

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