Following up on my prior post, $1.6b Tax Break for Trial Lawyers: Wall Street Journal editorial, A Bill Lerach Tax Cut: Treasury Mulls a Break for Contingency Fees:
Taxes are going up in January for millions of Americans, but that means it's even more important to have friends in Washington. And nobody has friends in higher places than the plaintiffs bar.
The American Association of Justice, or the trial bar lobby, is meeting in Canada this week to raise money for Senate Democrats and plot new openings for its legal raids on business. According to Legal Newsline, AAJ director of federal relations John Bowman told attendees the awesome, fabulous, wonderful news that he expects the Treasury Department to soon issue an order giving a tax break for contingency fee lawsuits. The contingency tax break has long been a plaintiffs bar priority.
Update:
- American Thinker, Trial Lawyers in Line for $1.6 Billion Tax Break
- Forbes, Treasury May Give Trial Lawyers a Sweet Tax Break
- The Hill, Tax Break for Trial Lawyers Raises Eyebrows
- National Law Journal, Treasury Department Mulls Tax Change for Plaintiffs' Bar
- SayAnythingBlog, Trial Lawyers Expecting Treasury Dep't to Give Them $1.6 Billion Tax Break
- WSJ Law Blog, Is a Big Tax Break for Plaintiffs’ Lawyers on the Way?
