Insights

Washington – May 9, 2024: Tracy Tolk has joined Crowell & Moring, bringing more than two decades of government affairs experience as an energy policy lobbyist and congressional staffer.

With a new President entering office in January 2025 and many key Tax Cuts and Jobs Act provisions expiring (TCJA) on December 31, 2025, both sides of the aisle are teeing up a massive effort to renew, extend, roll back, or make permanent various provisions of former President Trump’s signature tax bill and President Biden’s signature climate bill. Just about every business sector will be impacted by how Congress and the new administration approach TCJA and other tax issues. Here is a sneak peek into the top five issues our tax and policy experts expect to come up in that debate based on the campaign positions of Vice President Harris and former President Trump.

The opportunity to create and shape major policies impacting the transportation sector will be teed up in 2025. Some changes will be led or initiated by the change in Administration, some will come from expected retirements or potential changes in majorities, and other changes will be put in the forefront of congressional leaders because of expiring laws. In this client alert, part of our Election 2024 series, we identify some of the expected changes, opportunities, and challenges ahead for transportation policy.

To keep our clients informed about the proposed policies and announced platforms of the presidential candidates and the potential composition of the new Congress, Crowell is launching its Election 2024 series. The series will provide insight and analysis on what the election of Vice President Harris or former President Trump could mean for business, as well as explore what’s at stake in key state and congressional races.