They’re cashing in on K Street.
Congressional Republican aides behind last year’s sweeping tax law are leaving Capitol Hill for lucrative jobs at Washington lobbying firms, according to a report.
The exodus includes top aides for the House Ways and Means Committee, Senate Finance Committee, and the offices of Senate Majority Leader Mitch McConnell, Rob Portman (R-Ohio) and Pat Toomey (R-Pa.)., according to The Hill.
President Trump’s tax overhaul was seen as a big boon for Washington’s tax lobbyists, who now need experts in tax policy and financial services with inside knowledge of the complicated law.
Former staffers who assisted in crafting the tax bill are likely to receive significant pay raises, with some salaries as high as seven figures.
The hours are likely to be better, too. Trump signed the sweeping GOP tax overhaul bill three days before Christmas, gifting businesses and the wealthy with permanent cuts.
The $1.5 trillion bill gives modest temporary cuts to the middle class before it levies an across-the-board increase in taxes for Americans earning less than $75,000 by 2027, according to an analysis by the congressional Joint Committee on Taxation.
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