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In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n
Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n
In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n
Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n
Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n
In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n
Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n
Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n
In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n
Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
<\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Moreover, Regarding the registration process, Lobbyists and clients are required to register with CELG if they anticipate spending more than $5,000 annually on lobbying activities<\/a> aimed at New York State or local officials (excluding federal officials). Registration requires a $200 filing fee (prorated if registering mid-cycle) and mandatory ethics training for individual lobbyists within 60 days of registration. Lobbyists must file semi-annual reports detailing lobbying expenditures, including prorated staff time and itemised expenses over $75. Clients spending over $15,000 on lobbying and dedicating at least 3% of total expenditures to lobbying must disclose sources of funding contributing over $2,500.<\/p>\n","post_title":"New York lobbying spending hit $67M in April and May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"new-york-lobbying-spending-hit-67m-in-april-and-may","to_ping":"","pinged":"","post_modified":"2025-06-16 16:39:41","post_modified_gmt":"2025-06-16 16:39:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8018","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8011,"post_author":"7","post_date":"2025-06-14 20:27:20","post_date_gmt":"2025-06-14 20:27:20","post_content":"\n This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Moreover, Regarding the registration process, Lobbyists and clients are required to register with CELG if they anticipate spending more than $5,000 annually on lobbying activities<\/a> aimed at New York State or local officials (excluding federal officials). Registration requires a $200 filing fee (prorated if registering mid-cycle) and mandatory ethics training for individual lobbyists within 60 days of registration. Lobbyists must file semi-annual reports detailing lobbying expenditures, including prorated staff time and itemised expenses over $75. Clients spending over $15,000 on lobbying and dedicating at least 3% of total expenditures to lobbying must disclose sources of funding contributing over $2,500.<\/p>\n","post_title":"New York lobbying spending hit $67M in April and May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"new-york-lobbying-spending-hit-67m-in-april-and-may","to_ping":"","pinged":"","post_modified":"2025-06-16 16:39:41","post_modified_gmt":"2025-06-16 16:39:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8018","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8011,"post_author":"7","post_date":"2025-06-14 20:27:20","post_date_gmt":"2025-06-14 20:27:20","post_content":"\n This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The third most-pushed non-budget item was the NY HEAT Act, which would implement the NY Home Energy Affordable Transition Act and remove some of the public service law's rules on gas service and sale. With some notable modifications, that law was recently modified to become the Customer Savings and Reliability Act.<\/p>\n\n\n\n Moreover, Regarding the registration process, Lobbyists and clients are required to register with CELG if they anticipate spending more than $5,000 annually on lobbying activities<\/a> aimed at New York State or local officials (excluding federal officials). Registration requires a $200 filing fee (prorated if registering mid-cycle) and mandatory ethics training for individual lobbyists within 60 days of registration. Lobbyists must file semi-annual reports detailing lobbying expenditures, including prorated staff time and itemised expenses over $75. Clients spending over $15,000 on lobbying and dedicating at least 3% of total expenditures to lobbying must disclose sources of funding contributing over $2,500.<\/p>\n","post_title":"New York lobbying spending hit $67M in April and May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"new-york-lobbying-spending-hit-67m-in-april-and-may","to_ping":"","pinged":"","post_modified":"2025-06-16 16:39:41","post_modified_gmt":"2025-06-16 16:39:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8018","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8011,"post_author":"7","post_date":"2025-06-14 20:27:20","post_date_gmt":"2025-06-14 20:27:20","post_content":"\n This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The two most-lobbied bills that had nothing to do with the state budget were the Packaging Reduction and Recycling Infrastructure Act, which would phase out materials and target chemical recycling, and initiatives to regulate recycling infrastructure and weed out materials that are difficult to recycle.<\/p>\n\n\n\n The third most-pushed non-budget item was the NY HEAT Act, which would implement the NY Home Energy Affordable Transition Act and remove some of the public service law's rules on gas service and sale. With some notable modifications, that law was recently modified to become the Customer Savings and Reliability Act.<\/p>\n\n\n\n Moreover, Regarding the registration process, Lobbyists and clients are required to register with CELG if they anticipate spending more than $5,000 annually on lobbying activities<\/a> aimed at New York State or local officials (excluding federal officials). Registration requires a $200 filing fee (prorated if registering mid-cycle) and mandatory ethics training for individual lobbyists within 60 days of registration. Lobbyists must file semi-annual reports detailing lobbying expenditures, including prorated staff time and itemised expenses over $75. Clients spending over $15,000 on lobbying and dedicating at least 3% of total expenditures to lobbying must disclose sources of funding contributing over $2,500.<\/p>\n","post_title":"New York lobbying spending hit $67M in April and May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"new-york-lobbying-spending-hit-67m-in-april-and-may","to_ping":"","pinged":"","post_modified":"2025-06-16 16:39:41","post_modified_gmt":"2025-06-16 16:39:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8018","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8011,"post_author":"7","post_date":"2025-06-14 20:27:20","post_date_gmt":"2025-06-14 20:27:20","post_content":"\n This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\u201cThe people of New York have a right to information that is clear and easily available, particularly information that identifies the people or organisations trying to influence those in our state government. By making this data available every two months, the public may observe how lobbying tendencies change for the year.\u201d<\/p>\n<\/blockquote>\n\n\n\n The two most-lobbied bills that had nothing to do with the state budget were the Packaging Reduction and Recycling Infrastructure Act, which would phase out materials and target chemical recycling, and initiatives to regulate recycling infrastructure and weed out materials that are difficult to recycle.<\/p>\n\n\n\n The third most-pushed non-budget item was the NY HEAT Act, which would implement the NY Home Energy Affordable Transition Act and remove some of the public service law's rules on gas service and sale. With some notable modifications, that law was recently modified to become the Customer Savings and Reliability Act.<\/p>\n\n\n\n Moreover, Regarding the registration process, Lobbyists and clients are required to register with CELG if they anticipate spending more than $5,000 annually on lobbying activities<\/a> aimed at New York State or local officials (excluding federal officials). Registration requires a $200 filing fee (prorated if registering mid-cycle) and mandatory ethics training for individual lobbyists within 60 days of registration. Lobbyists must file semi-annual reports detailing lobbying expenditures, including prorated staff time and itemised expenses over $75. Clients spending over $15,000 on lobbying and dedicating at least 3% of total expenditures to lobbying must disclose sources of funding contributing over $2,500.<\/p>\n","post_title":"New York lobbying spending hit $67M in April and May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"new-york-lobbying-spending-hit-67m-in-april-and-may","to_ping":"","pinged":"","post_modified":"2025-06-16 16:39:41","post_modified_gmt":"2025-06-16 16:39:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8018","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8011,"post_author":"7","post_date":"2025-06-14 20:27:20","post_date_gmt":"2025-06-14 20:27:20","post_content":"\n This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\u201cThe people of New York have a right to information that is clear and easily available, particularly information that identifies the people or organisations trying to influence those in our state government. By making this data available every two months, the public may observe how lobbying tendencies change for the year.\u201d<\/p>\n<\/blockquote>\n\n\n\n The two most-lobbied bills that had nothing to do with the state budget were the Packaging Reduction and Recycling Infrastructure Act, which would phase out materials and target chemical recycling, and initiatives to regulate recycling infrastructure and weed out materials that are difficult to recycle.<\/p>\n\n\n\n The third most-pushed non-budget item was the NY HEAT Act, which would implement the NY Home Energy Affordable Transition Act and remove some of the public service law's rules on gas service and sale. With some notable modifications, that law was recently modified to become the Customer Savings and Reliability Act.<\/p>\n\n\n\n Moreover, Regarding the registration process, Lobbyists and clients are required to register with CELG if they anticipate spending more than $5,000 annually on lobbying activities<\/a> aimed at New York State or local officials (excluding federal officials). Registration requires a $200 filing fee (prorated if registering mid-cycle) and mandatory ethics training for individual lobbyists within 60 days of registration. Lobbyists must file semi-annual reports detailing lobbying expenditures, including prorated staff time and itemised expenses over $75. Clients spending over $15,000 on lobbying and dedicating at least 3% of total expenditures to lobbying must disclose sources of funding contributing over $2,500.<\/p>\n","post_title":"New York lobbying spending hit $67M in April and May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"new-york-lobbying-spending-hit-67m-in-april-and-may","to_ping":"","pinged":"","post_modified":"2025-06-16 16:39:41","post_modified_gmt":"2025-06-16 16:39:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8018","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8011,"post_author":"7","post_date":"2025-06-14 20:27:20","post_date_gmt":"2025-06-14 20:27:20","post_content":"\n This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
COELIG Executive Director Berland said. <\/p>\n\n\n\n \u201cThe people of New York have a right to information that is clear and easily available, particularly information that identifies the people or organisations trying to influence those in our state government. By making this data available every two months, the public may observe how lobbying tendencies change for the year.\u201d<\/p>\n<\/blockquote>\n\n\n\n The two most-lobbied bills that had nothing to do with the state budget were the Packaging Reduction and Recycling Infrastructure Act, which would phase out materials and target chemical recycling, and initiatives to regulate recycling infrastructure and weed out materials that are difficult to recycle.<\/p>\n\n\n\n The third most-pushed non-budget item was the NY HEAT Act, which would implement the NY Home Energy Affordable Transition Act and remove some of the public service law's rules on gas service and sale. With some notable modifications, that law was recently modified to become the Customer Savings and Reliability Act.<\/p>\n\n\n\n Moreover, Regarding the registration process, Lobbyists and clients are required to register with CELG if they anticipate spending more than $5,000 annually on lobbying activities<\/a> aimed at New York State or local officials (excluding federal officials). Registration requires a $200 filing fee (prorated if registering mid-cycle) and mandatory ethics training for individual lobbyists within 60 days of registration. Lobbyists must file semi-annual reports detailing lobbying expenditures, including prorated staff time and itemised expenses over $75. Clients spending over $15,000 on lobbying and dedicating at least 3% of total expenditures to lobbying must disclose sources of funding contributing over $2,500.<\/p>\n","post_title":"New York lobbying spending hit $67M in April and May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"new-york-lobbying-spending-hit-67m-in-april-and-may","to_ping":"","pinged":"","post_modified":"2025-06-16 16:39:41","post_modified_gmt":"2025-06-16 16:39:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8018","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8011,"post_author":"7","post_date":"2025-06-14 20:27:20","post_date_gmt":"2025-06-14 20:27:20","post_content":"\n This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\u201cUnsurprisingly, 17 out of 20 of the most lobbied legislation focused on the state budget and its associated Article VII laws, and lobbying expenditures in March and April exceeded those in the first two months of the year,\u201d <\/p>\n<\/blockquote>\n\n\n\n COELIG Executive Director Berland said. <\/p>\n\n\n\n \u201cThe people of New York have a right to information that is clear and easily available, particularly information that identifies the people or organisations trying to influence those in our state government. By making this data available every two months, the public may observe how lobbying tendencies change for the year.\u201d<\/p>\n<\/blockquote>\n\n\n\n The two most-lobbied bills that had nothing to do with the state budget were the Packaging Reduction and Recycling Infrastructure Act, which would phase out materials and target chemical recycling, and initiatives to regulate recycling infrastructure and weed out materials that are difficult to recycle.<\/p>\n\n\n\n The third most-pushed non-budget item was the NY HEAT Act, which would implement the NY Home Energy Affordable Transition Act and remove some of the public service law's rules on gas service and sale. With some notable modifications, that law was recently modified to become the Customer Savings and Reliability Act.<\/p>\n\n\n\n Moreover, Regarding the registration process, Lobbyists and clients are required to register with CELG if they anticipate spending more than $5,000 annually on lobbying activities<\/a> aimed at New York State or local officials (excluding federal officials). Registration requires a $200 filing fee (prorated if registering mid-cycle) and mandatory ethics training for individual lobbyists within 60 days of registration. Lobbyists must file semi-annual reports detailing lobbying expenditures, including prorated staff time and itemised expenses over $75. Clients spending over $15,000 on lobbying and dedicating at least 3% of total expenditures to lobbying must disclose sources of funding contributing over $2,500.<\/p>\n","post_title":"New York lobbying spending hit $67M in April and May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"new-york-lobbying-spending-hit-67m-in-april-and-may","to_ping":"","pinged":"","post_modified":"2025-06-16 16:39:41","post_modified_gmt":"2025-06-16 16:39:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8018","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8011,"post_author":"7","post_date":"2025-06-14 20:27:20","post_date_gmt":"2025-06-14 20:27:20","post_content":"\n This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\u201cUnsurprisingly, 17 out of 20 of the most lobbied legislation focused on the state budget and its associated Article VII laws, and lobbying expenditures in March and April exceeded those in the first two months of the year,\u201d <\/p>\n<\/blockquote>\n\n\n\n COELIG Executive Director Berland said. <\/p>\n\n\n\n \u201cThe people of New York have a right to information that is clear and easily available, particularly information that identifies the people or organisations trying to influence those in our state government. By making this data available every two months, the public may observe how lobbying tendencies change for the year.\u201d<\/p>\n<\/blockquote>\n\n\n\n The two most-lobbied bills that had nothing to do with the state budget were the Packaging Reduction and Recycling Infrastructure Act, which would phase out materials and target chemical recycling, and initiatives to regulate recycling infrastructure and weed out materials that are difficult to recycle.<\/p>\n\n\n\n The third most-pushed non-budget item was the NY HEAT Act, which would implement the NY Home Energy Affordable Transition Act and remove some of the public service law's rules on gas service and sale. With some notable modifications, that law was recently modified to become the Customer Savings and Reliability Act.<\/p>\n\n\n\n Moreover, Regarding the registration process, Lobbyists and clients are required to register with CELG if they anticipate spending more than $5,000 annually on lobbying activities<\/a> aimed at New York State or local officials (excluding federal officials). Registration requires a $200 filing fee (prorated if registering mid-cycle) and mandatory ethics training for individual lobbyists within 60 days of registration. Lobbyists must file semi-annual reports detailing lobbying expenditures, including prorated staff time and itemised expenses over $75. Clients spending over $15,000 on lobbying and dedicating at least 3% of total expenditures to lobbying must disclose sources of funding contributing over $2,500.<\/p>\n","post_title":"New York lobbying spending hit $67M in April and May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"new-york-lobbying-spending-hit-67m-in-april-and-may","to_ping":"","pinged":"","post_modified":"2025-06-16 16:39:41","post_modified_gmt":"2025-06-16 16:39:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8018","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8011,"post_author":"7","post_date":"2025-06-14 20:27:20","post_date_gmt":"2025-06-14 20:27:20","post_content":"\n This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\u201cUnsurprisingly, 17 out of 20 of the most lobbied legislation focused on the state budget and its associated Article VII laws, and lobbying expenditures in March and April exceeded those in the first two months of the year,\u201d <\/p>\n<\/blockquote>\n\n\n\n COELIG Executive Director Berland said. <\/p>\n\n\n\n \u201cThe people of New York have a right to information that is clear and easily available, particularly information that identifies the people or organisations trying to influence those in our state government. By making this data available every two months, the public may observe how lobbying tendencies change for the year.\u201d<\/p>\n<\/blockquote>\n\n\n\n The two most-lobbied bills that had nothing to do with the state budget were the Packaging Reduction and Recycling Infrastructure Act, which would phase out materials and target chemical recycling, and initiatives to regulate recycling infrastructure and weed out materials that are difficult to recycle.<\/p>\n\n\n\n The third most-pushed non-budget item was the NY HEAT Act, which would implement the NY Home Energy Affordable Transition Act and remove some of the public service law's rules on gas service and sale. With some notable modifications, that law was recently modified to become the Customer Savings and Reliability Act.<\/p>\n\n\n\n Moreover, Regarding the registration process, Lobbyists and clients are required to register with CELG if they anticipate spending more than $5,000 annually on lobbying activities<\/a> aimed at New York State or local officials (excluding federal officials). Registration requires a $200 filing fee (prorated if registering mid-cycle) and mandatory ethics training for individual lobbyists within 60 days of registration. Lobbyists must file semi-annual reports detailing lobbying expenditures, including prorated staff time and itemised expenses over $75. Clients spending over $15,000 on lobbying and dedicating at least 3% of total expenditures to lobbying must disclose sources of funding contributing over $2,500.<\/p>\n","post_title":"New York lobbying spending hit $67M in April and May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"new-york-lobbying-spending-hit-67m-in-april-and-may","to_ping":"","pinged":"","post_modified":"2025-06-16 16:39:41","post_modified_gmt":"2025-06-16 16:39:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8018","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8011,"post_author":"7","post_date":"2025-06-14 20:27:20","post_date_gmt":"2025-06-14 20:27:20","post_content":"\n This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The state\u2019s ethics panel releases lobbying data every two months.<\/p>\n\n\n\n \u201cUnsurprisingly, 17 out of 20 of the most lobbied legislation focused on the state budget and its associated Article VII laws, and lobbying expenditures in March and April exceeded those in the first two months of the year,\u201d <\/p>\n<\/blockquote>\n\n\n\n COELIG Executive Director Berland said. <\/p>\n\n\n\n \u201cThe people of New York have a right to information that is clear and easily available, particularly information that identifies the people or organisations trying to influence those in our state government. By making this data available every two months, the public may observe how lobbying tendencies change for the year.\u201d<\/p>\n<\/blockquote>\n\n\n\n The two most-lobbied bills that had nothing to do with the state budget were the Packaging Reduction and Recycling Infrastructure Act, which would phase out materials and target chemical recycling, and initiatives to regulate recycling infrastructure and weed out materials that are difficult to recycle.<\/p>\n\n\n\n The third most-pushed non-budget item was the NY HEAT Act, which would implement the NY Home Energy Affordable Transition Act and remove some of the public service law's rules on gas service and sale. With some notable modifications, that law was recently modified to become the Customer Savings and Reliability Act.<\/p>\n\n\n\n Moreover, Regarding the registration process, Lobbyists and clients are required to register with CELG if they anticipate spending more than $5,000 annually on lobbying activities<\/a> aimed at New York State or local officials (excluding federal officials). Registration requires a $200 filing fee (prorated if registering mid-cycle) and mandatory ethics training for individual lobbyists within 60 days of registration. Lobbyists must file semi-annual reports detailing lobbying expenditures, including prorated staff time and itemised expenses over $75. Clients spending over $15,000 on lobbying and dedicating at least 3% of total expenditures to lobbying must disclose sources of funding contributing over $2,500.<\/p>\n","post_title":"New York lobbying spending hit $67M in April and May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"new-york-lobbying-spending-hit-67m-in-april-and-may","to_ping":"","pinged":"","post_modified":"2025-06-16 16:39:41","post_modified_gmt":"2025-06-16 16:39:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8018","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8011,"post_author":"7","post_date":"2025-06-14 20:27:20","post_date_gmt":"2025-06-14 20:27:20","post_content":"\n This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Based solely on pay, the top three retained lobbyists were Bolton-St Johns, LLC ($2.9 million), Brown & Weinraub Advisors, LLC ($2.9 million), and Kasirer LLC ($3.0 million).<\/p>\n\n\n\n The state\u2019s ethics panel releases lobbying data every two months.<\/p>\n\n\n\n \u201cUnsurprisingly, 17 out of 20 of the most lobbied legislation focused on the state budget and its associated Article VII laws, and lobbying expenditures in March and April exceeded those in the first two months of the year,\u201d <\/p>\n<\/blockquote>\n\n\n\n COELIG Executive Director Berland said. <\/p>\n\n\n\n \u201cThe people of New York have a right to information that is clear and easily available, particularly information that identifies the people or organisations trying to influence those in our state government. By making this data available every two months, the public may observe how lobbying tendencies change for the year.\u201d<\/p>\n<\/blockquote>\n\n\n\n The two most-lobbied bills that had nothing to do with the state budget were the Packaging Reduction and Recycling Infrastructure Act, which would phase out materials and target chemical recycling, and initiatives to regulate recycling infrastructure and weed out materials that are difficult to recycle.<\/p>\n\n\n\n The third most-pushed non-budget item was the NY HEAT Act, which would implement the NY Home Energy Affordable Transition Act and remove some of the public service law's rules on gas service and sale. With some notable modifications, that law was recently modified to become the Customer Savings and Reliability Act.<\/p>\n\n\n\n Moreover, Regarding the registration process, Lobbyists and clients are required to register with CELG if they anticipate spending more than $5,000 annually on lobbying activities<\/a> aimed at New York State or local officials (excluding federal officials). Registration requires a $200 filing fee (prorated if registering mid-cycle) and mandatory ethics training for individual lobbyists within 60 days of registration. Lobbyists must file semi-annual reports detailing lobbying expenditures, including prorated staff time and itemised expenses over $75. Clients spending over $15,000 on lobbying and dedicating at least 3% of total expenditures to lobbying must disclose sources of funding contributing over $2,500.<\/p>\n","post_title":"New York lobbying spending hit $67M in April and May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"new-york-lobbying-spending-hit-67m-in-april-and-may","to_ping":"","pinged":"","post_modified":"2025-06-16 16:39:41","post_modified_gmt":"2025-06-16 16:39:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8018","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8011,"post_author":"7","post_date":"2025-06-14 20:27:20","post_date_gmt":"2025-06-14 20:27:20","post_content":"\n This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Based solely on pay, the top three retained lobbyists were Bolton-St Johns, LLC ($2.9 million), Brown & Weinraub Advisors, LLC ($2.9 million), and Kasirer LLC ($3.0 million).<\/p>\n\n\n\n The state\u2019s ethics panel releases lobbying data every two months.<\/p>\n\n\n\n \u201cUnsurprisingly, 17 out of 20 of the most lobbied legislation focused on the state budget and its associated Article VII laws, and lobbying expenditures in March and April exceeded those in the first two months of the year,\u201d <\/p>\n<\/blockquote>\n\n\n\n COELIG Executive Director Berland said. <\/p>\n\n\n\n \u201cThe people of New York have a right to information that is clear and easily available, particularly information that identifies the people or organisations trying to influence those in our state government. By making this data available every two months, the public may observe how lobbying tendencies change for the year.\u201d<\/p>\n<\/blockquote>\n\n\n\n The two most-lobbied bills that had nothing to do with the state budget were the Packaging Reduction and Recycling Infrastructure Act, which would phase out materials and target chemical recycling, and initiatives to regulate recycling infrastructure and weed out materials that are difficult to recycle.<\/p>\n\n\n\n The third most-pushed non-budget item was the NY HEAT Act, which would implement the NY Home Energy Affordable Transition Act and remove some of the public service law's rules on gas service and sale. With some notable modifications, that law was recently modified to become the Customer Savings and Reliability Act.<\/p>\n\n\n\n Moreover, Regarding the registration process, Lobbyists and clients are required to register with CELG if they anticipate spending more than $5,000 annually on lobbying activities<\/a> aimed at New York State or local officials (excluding federal officials). Registration requires a $200 filing fee (prorated if registering mid-cycle) and mandatory ethics training for individual lobbyists within 60 days of registration. Lobbyists must file semi-annual reports detailing lobbying expenditures, including prorated staff time and itemised expenses over $75. Clients spending over $15,000 on lobbying and dedicating at least 3% of total expenditures to lobbying must disclose sources of funding contributing over $2,500.<\/p>\n","post_title":"New York lobbying spending hit $67M in April and May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"new-york-lobbying-spending-hit-67m-in-april-and-may","to_ping":"","pinged":"","post_modified":"2025-06-16 16:39:41","post_modified_gmt":"2025-06-16 16:39:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8018","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8011,"post_author":"7","post_date":"2025-06-14 20:27:20","post_date_gmt":"2025-06-14 20:27:20","post_content":"\n This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Lobbying in New York State involves attempts to influence government decision-making, including legislation, regulations, and government actions at the state and local levels. It covers activities directed at state officials, legislators, and certain local government officials, with separate rules for New York City officials<\/p>\n\n\n\n Based solely on pay, the top three retained lobbyists were Bolton-St Johns, LLC ($2.9 million), Brown & Weinraub Advisors, LLC ($2.9 million), and Kasirer LLC ($3.0 million).<\/p>\n\n\n\n The state\u2019s ethics panel releases lobbying data every two months.<\/p>\n\n\n\n \u201cUnsurprisingly, 17 out of 20 of the most lobbied legislation focused on the state budget and its associated Article VII laws, and lobbying expenditures in March and April exceeded those in the first two months of the year,\u201d <\/p>\n<\/blockquote>\n\n\n\n COELIG Executive Director Berland said. <\/p>\n\n\n\n \u201cThe people of New York have a right to information that is clear and easily available, particularly information that identifies the people or organisations trying to influence those in our state government. By making this data available every two months, the public may observe how lobbying tendencies change for the year.\u201d<\/p>\n<\/blockquote>\n\n\n\n The two most-lobbied bills that had nothing to do with the state budget were the Packaging Reduction and Recycling Infrastructure Act, which would phase out materials and target chemical recycling, and initiatives to regulate recycling infrastructure and weed out materials that are difficult to recycle.<\/p>\n\n\n\n The third most-pushed non-budget item was the NY HEAT Act, which would implement the NY Home Energy Affordable Transition Act and remove some of the public service law's rules on gas service and sale. With some notable modifications, that law was recently modified to become the Customer Savings and Reliability Act.<\/p>\n\n\n\n Moreover, Regarding the registration process, Lobbyists and clients are required to register with CELG if they anticipate spending more than $5,000 annually on lobbying activities<\/a> aimed at New York State or local officials (excluding federal officials). Registration requires a $200 filing fee (prorated if registering mid-cycle) and mandatory ethics training for individual lobbyists within 60 days of registration. Lobbyists must file semi-annual reports detailing lobbying expenditures, including prorated staff time and itemised expenses over $75. Clients spending over $15,000 on lobbying and dedicating at least 3% of total expenditures to lobbying must disclose sources of funding contributing over $2,500.<\/p>\n","post_title":"New York lobbying spending hit $67M in April and May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"new-york-lobbying-spending-hit-67m-in-april-and-may","to_ping":"","pinged":"","post_modified":"2025-06-16 16:39:41","post_modified_gmt":"2025-06-16 16:39:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8018","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8011,"post_author":"7","post_date":"2025-06-14 20:27:20","post_date_gmt":"2025-06-14 20:27:20","post_content":"\n This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan will increase<\/a> the US debt by $2.4 trillion by 2034. The chair of the House Ways and Means Committee, which writes taxes, Jason Smith, recently expressed his hope that Section 899 would not be implemented because other nations will amend their laws in response.<\/p>\n\n\n\n <\/p>\n","post_title":"Corporate leaders lobby against proposed foreign investment taxation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"corporate-leaders-lobby-against-proposed-foreign-investment-taxation","to_ping":"","pinged":"","post_modified":"2025-06-14 20:27:20","post_modified_gmt":"2025-06-14 20:27:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8011","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8004,"post_author":"7","post_date":"2025-06-14 20:04:12","post_date_gmt":"2025-06-14 20:04:12","post_content":"\n In anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":36},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
According to preliminary figures given by the state's Commission on Ethics and Lobbying in Government (COELIG), lobbying expenditures in New York<\/a> state totalled around $67 million during March and April. That sum is $1.3 million more than it was in January and February. Lobbying remuneration accounted for the majority of that $67 million, at $59.6 million, with expenditures coming in second at $7 million.<\/p>\n\n\n\n Lobbying in New York State involves attempts to influence government decision-making, including legislation, regulations, and government actions at the state and local levels. It covers activities directed at state officials, legislators, and certain local government officials, with separate rules for New York City officials<\/p>\n\n\n\n Based solely on pay, the top three retained lobbyists were Bolton-St Johns, LLC ($2.9 million), Brown & Weinraub Advisors, LLC ($2.9 million), and Kasirer LLC ($3.0 million).<\/p>\n\n\n\n The state\u2019s ethics panel releases lobbying data every two months.<\/p>\n\n\n\n \u201cUnsurprisingly, 17 out of 20 of the most lobbied legislation focused on the state budget and its associated Article VII laws, and lobbying expenditures in March and April exceeded those in the first two months of the year,\u201d <\/p>\n<\/blockquote>\n\n\n\n COELIG Executive Director Berland said. <\/p>\n\n\n\n \u201cThe people of New York have a right to information that is clear and easily available, particularly information that identifies the people or organisations trying to influence those in our state government. By making this data available every two months, the public may observe how lobbying tendencies change for the year.\u201d<\/p>\n<\/blockquote>\n\n\n\n The two most-lobbied bills that had nothing to do with the state budget were the Packaging Reduction and Recycling Infrastructure Act, which would phase out materials and target chemical recycling, and initiatives to regulate recycling infrastructure and weed out materials that are difficult to recycle.<\/p>\n\n\n\n The third most-pushed non-budget item was the NY HEAT Act, which would implement the NY Home Energy Affordable Transition Act and remove some of the public service law's rules on gas service and sale. With some notable modifications, that law was recently modified to become the Customer Savings and Reliability Act.<\/p>\n\n\n\n Moreover, Regarding the registration process, Lobbyists and clients are required to register with CELG if they anticipate spending more than $5,000 annually on lobbying activities<\/a> aimed at New York State or local officials (excluding federal officials). Registration requires a $200 filing fee (prorated if registering mid-cycle) and mandatory ethics training for individual lobbyists within 60 days of registration. Lobbyists must file semi-annual reports detailing lobbying expenditures, including prorated staff time and itemised expenses over $75. Clients spending over $15,000 on lobbying and dedicating at least 3% of total expenditures to lobbying must disclose sources of funding contributing over $2,500.<\/p>\n","post_title":"New York lobbying spending hit $67M in April and May","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"new-york-lobbying-spending-hit-67m-in-april-and-may","to_ping":"","pinged":"","post_modified":"2025-06-16 16:39:41","post_modified_gmt":"2025-06-16 16:39:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8018","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8011,"post_author":"7","post_date":"2025-06-14 20:27:20","post_date_gmt":"2025-06-14 20:27:20","post_content":"\n This week, dozens of executives from some of the largest corporations in the world will visit Washington to oppose a proposal to increase taxes on foreign investments in the US, arguing that it might result in the loss of millions of American jobs.<\/p>\n\n\n\n The lobbying effort<\/a> is aimed at a clause in Donald Trump<\/a>'s budget package that, if passed by Congress, would give the US the authority to tax businesses and investors from nations it believes have harsh tax laws. Executives worry that Section 899 of the bill may lead to a decline in corporate investment and a flight from US assets, which may impact investors, US companies with foreign owners, and foreign corporations operating in the United States.<\/p>\n\n\n\n The advocacy group's almost 200 foreign-owned businesses in the US, including Shell, SAP, Toyota, and LVMH, are uneasy about the prospect of increased taxes. Many of them worry that the 8.4 million jobs they supply in America may be threatened.<\/p>\n\n\n\n In an effort to counter Section 899, a prominent financial trade group is also organising for its members to visit Washington this week to speak with Republican senators and Treasury officials. Over 70% of international corporations' debt issuance in the US is underwritten by foreign banks' US operations, accounting for over a third of all dollar-denominated debt issuance.<\/p>\n\n\n\n The foreign banks reported lending over $1.3 trillion to US businesses in 2023, while their funding of foreign businesses helped foreign-headquartered businesses invest $5.4 trillion in the US, bringing in $270 billion in income. The IIB, which represents some of the largest banks in the world, such as BNP Paribas, HSBC, Royal Bank of Canada, Bank of China, and Mitsubishi UFJ Financial, is anticipated to advocate for a one-year postponement of the tax increases and a narrowing of the measure's purview.<\/p>\n\n\n\n The bill specifically targets nations that impose what the US refers to as unfair international taxes. Britain, Australia, Canada, and the majority of EU nations would be impacted. Dividend and interest taxes on US equities and some corporate bonds would be raised by five percentage points annually for four years for foreign investors under Section 899.<\/p>\n\n\n\n Additionally, it would tax the now-exempt American portfolio assets of sovereign wealth funds. Section 899 would raise $116 billion over the next ten years, which is one of the ways that Republicans in Congress have tried to keep the cost of Trump's \"big, beautiful\" tax package low.<\/p>\n\n\n\n However, the Congressional Budget Office estimates that the total plan How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
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Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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What are the rules for lobbyist registration in NY?<\/h2>\n\n\n\n
Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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What are the rules for lobbyist registration in NY?<\/h2>\n\n\n\n
Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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What are the rules for lobbyist registration in NY?<\/h2>\n\n\n\n
Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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What are the rules for lobbyist registration in NY?<\/h2>\n\n\n\n
Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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What are the rules for lobbyist registration in NY?<\/h2>\n\n\n\n
Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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What are the rules for lobbyist registration in NY?<\/h2>\n\n\n\n
Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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What are the rules for lobbyist registration in NY?<\/h2>\n\n\n\n
Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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What are the rules for lobbyist registration in NY?<\/h2>\n\n\n\n
Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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What laws were most frequently lobbied during this period?<\/h3>\n\n\n\n
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What are the rules for lobbyist registration in NY?<\/h2>\n\n\n\n
Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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What laws were most frequently lobbied during this period?<\/h3>\n\n\n\n
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What are the rules for lobbyist registration in NY?<\/h2>\n\n\n\n
Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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What laws were most frequently lobbied during this period?<\/h3>\n\n\n\n
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What are the rules for lobbyist registration in NY?<\/h2>\n\n\n\n
Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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Who were the top-paid lobbyists in this cycle?<\/h2>\n\n\n\n
What laws were most frequently lobbied during this period?<\/h3>\n\n\n\n
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What are the rules for lobbyist registration in NY?<\/h2>\n\n\n\n
Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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Who were the top-paid lobbyists in this cycle?<\/h2>\n\n\n\n
What laws were most frequently lobbied during this period?<\/h3>\n\n\n\n
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What are the rules for lobbyist registration in NY?<\/h2>\n\n\n\n
Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
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Who were the top-paid lobbyists in this cycle?<\/h2>\n\n\n\n
What laws were most frequently lobbied during this period?<\/h3>\n\n\n\n
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What are the rules for lobbyist registration in NY?<\/h2>\n\n\n\n
Will Section 899 of Trump\u2019s tax bill drive foreign investors away from the US?<\/h2>\n\n\n\n
How would the new tax rules affect foreign-owned US companies?<\/h2>\n\n\n\n