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tax cuts
'Wallowing in Corruption': Lobbyist Who Helped Ultra-Rich Dodge Taxes Now Heads Trump Tax Office
"By putting a professional tax dodging consultant in charge of their tax law, Republicans are continuing to make their intentions crystal clear—this law is a gift to billionaires and huge corporations."
Jul 15, 2025
A corporate lobbyist who for decades has helped major companies and rich Americans dodge taxes is now serving as the U.S. Treasury Department's top tax policy official, a position in which he will write rules implementing the newly passed Republican budget law.
That role is "enormously powerful," The New York Times' Jesse Drucker wrote in a Monday profile of Ken Kies, whom the GOP-controlled U.S. Senate confirmed as assistant treasury secretary for tax policy in a party-line vote last month. President Donald Trump selected Kies for the position in January.
The Republican budget measure, which President Donald Trump signed into law earlier this month, contains around $4.5 trillion in tax cuts that will flow disproportionately to the wealthiest Americans over the next decade, according to nonpartisan analysts.
"By putting a professional tax-dodging consultant in charge of their tax law, Republicans are continuing to make their intentions crystal clear—this law is a gift to billionaires and huge corporations like those Ken Kies has spent his career looking out for," Leor Tal, campaign director for the progressive advocacy group Unrig Our Economy, said in a statement Monday.
"As families struggle with rising prices from Trump's tariffs and face devastating cuts to Medicaid and SNAP," Tal added, "Republicans are doubling down on helping the richest of the rich, while working people pay the price."
In his role as a lobbyist whose client list has included Goldman Sachs, Pfizer, Microsoft, and other corporate behemoths, Kies has helped secure major tax giveaways for large companies and wealthy Americans—including in the 2017 Trump-GOP tax law that the new Republican budget package extends.
"In the George W. Bush administration, Mr. Kies successfully pushed for legislation to make such offshore tax dodges even easier to execute. During the Obama administration, he fended off another attempted crackdown on those strategies," Drucker wrote Monday. "In 2017, as part of a sweeping package of tax cuts signed by Mr. Trump, Mr. Kies lobbied for a new tax break that provides a 20% deduction to certain businesses, which overwhelmingly benefits the richest Americans."
Drucker noted that in his new position, Kies "will oversee about 100 attorneys and economists at the Treasury Department's Office of Tax Policy, a powerful corner of the federal government."
"The office issues regulations to help the government administer tax laws and provides guidance that can render the latest tax-dodging strategy a gold mine—or doom it," he added.
Kies previously served as managing director of the Federal Policy Group, a lobbying firm at which he "delivered significant legislative and regulatory results for his clients, which include major corporations, trade associations, and coalitions of companies with common objectives," according to a since-removed biography of Kies.
"Mr. Kies has led coalition efforts to enact legislation responding to the World Trade Organization's ruling against U.S. foreign sales corporation benefits, to avert enactment of broad 'corporate tax shelter' legislation that would have an adverse impact on legitimate business transactions, and to reverse Treasury regulations targeting 'hybrid' arrangements of U.S. multinational corporations, among other projects," the biography stated.
Highlighting the Times profile of Kies, Rep. Pramila Jayapal (D-Wash.) wrote Monday that the Trump administration is "wallowing in corruption."
"Five trillion dollars in tax cuts for the wealthiest, written and administered by the wealthiest," she wrote. "On the backs of stripping healthcare and food from working and poor people. Shame on you."
In addition to implementing the new Trump-GOP law, Kies could be positioned to help deliver another sizable tax break to the rich.
The Washington Post's Jeff Stein reported last week that on the heels of passage of the GOP budget law, right-wing organizations and Republican lawmakers are set to push the Trump administration to unilaterally "drastically reduce what investors pay on their capital gains."
"The plan rests on changing how the Treasury Department calculates those taxes," Stein wrote. "The highest-earning 1% of Americans would receive 86% of the benefits from indexing capital gains to inflation, while the bottom 80% of income earners would get just 1% of the benefits, Penn Wharton projected in 2018."
Rep. Brendan Boyle (D-Pa.), the top Democrat on the House Budget Committee, wrote in response to Stein's reporting that "after gutting health care for millions of Americans and passing massive tax breaks for billionaires, Republicans are now working on even MORE tax breaks for the ultra-rich."
"They aren't interested in fighting for working families—only their rich friends," Boyle added.
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UAW President Denounces Trump-GOP Budget Law as 'Total Betrayal' of American Working Class
"This bill isn't governance," said United Auto Workers president Shawn Fain. "This is a class war waged from Capitol Hill."
Jul 09, 2025
After Republicans pushed their unpopular reconciliation package through Congress last week, U.S. House Speaker Mike Johnson hailed the legislation as a step toward "a future where working Americans can feel relief."
But Shawn Fain, the president of the United Auto Workers (UAW), argued in an op-ed Tuesday for The Detroit News that such "hollow promises" are an attempt to obscure "a brutal agenda: stripping working-class people of security, dignity, and power while lining the pockets of billionaires" with trillions of dollars in tax breaks.
"The budget reconciliation bill that the Republicans just passed isn't just bad policy—it's a full-blown attack on America's working class," wrote Fain. "For the UAW and the millions of workers we represent, four core issues define what it means to live and work with dignity: a livable wage, affordable healthcare, retirement security, and time to enjoy life beyond the job. On every one of those fronts, this bill delivers nothing but setbacks."
Fain pointed specifically to the GOP law's more than $1 trillion in cuts to Medicaid. Those cuts, combined with Republicans' refusal to extend Affordable Care Act subsidies that are set to lapse at the end of the year, are expected to strip health coverage from around 17 million Americans over the next decade, according to the nonpartisan Congressional Budget Office.
The UAW president also points to the Republican law's lesser-known attack on Medicare recipients. The legislation, which President Donald Trump signed into law late last week, would restrict enrollment in Medicare Savings Programs—potentially causing more than a million low-income seniors to lose access—and force more than $500 billion in automatic cuts to Medicare.
"These aren't numbers on a spreadsheet," Fain wrote. "These are real people losing access to lifesaving care."
"By passing this legislation, the government is telling working-class families they're on their own while billionaires get even more tax breaks."
While the Trump White House and congressional Republicans have tried to cast the budget law's tax provisions as worker-friendly—in some cases by outright lying about what's in the legislation—Fain noted that the law's limited deductions for tips and overtime will only benefit a small sliver of Americans, and only until 2028.
"On the other hand, many of the tax benefits in this bill for the wealthy are indefinite and have no expiration date," Fain wrote. "This is the same bait-and-switch the Trump administration used to sell its 2017 billionaire tax giveaway to the American people: small, temporary tax breaks for working people, with massive, long-term benefits for the wealthy and corporate America."
"This bill isn't governance. This is a class war waged from Capitol Hill," Fain continued. "It shifts the balance of power even further toward the billionaire class and hollows out the rights and dignity of labor. By passing this legislation, the government is telling working-class families they're on their own while billionaires get even more tax breaks."
"It's a total betrayal," he added.
Fain is among many prominent labor leaders who spoke out forcefully against the Republican budget measure and warned about its potentially catastrophic impact on millions of workers.
National Nurses United, the nation's largest nurses union, called the day of the bill's final passage one of "the darkest days in the history of U.S. healthcare."
"People will suffer and die because of the cuts in this legislation to fund tax cuts for billionaires—certainly in the short term and potentially for decades to come if nothing is done," the union said. "Lawmakers have effectively signed the death warrants for millions."
Liz Shuler, president of the AFL-CIO, said that "every member of Congress who voted for this devastating bill picked the pockets of working people to hand billionaires a $5 trillion gift."
"But if the politicians who rammed through this shameful bill think they can sneak away without anyone knowing the damage they've done and the chaos they've created," said Shuler, "they don't know anything about the labor movement."
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'Indefensible': Trump Budget Law Subsidizes Private Jet Owners While Taking Healthcare From Millions
A provision of the budget law that President Donald Trump signed last week will leave taxpayers to "pick up the tab for the private jet industry and billionaire high flyers."
Jul 07, 2025
The Republican budget measure that U.S. President Donald Trump signed into law late last week contains a provision that analysts say will allow private jet owners to write off the full cost of their aircraft in the first year of purchase, a boon to the ultra-rich that comes as millions of people are set to lose healthcare under the same legislation.
FlyUSA, a private aviation provider, gushed in a blog post that with final passage of the unpopular budget reconciliation package, "business jet ownership has never looked more fiscally attractive or more fun to explain to your accountant."
The law, crafted by congressional Republicans and approved with only GOP support, permanently restores a major corporate tax break known as 100% bonus depreciation, which allows businesses to deduct the costs of certain assets in the first year of purchase rather than writing them off over time.
Forbes noted that the bonus depreciation policy "applies to a slew of qualified, physical business expenses which depreciate over time, such as machinery and company cars, but the policy is often associated with big-ticket luxury items, such as private aircraft, and its institution last decade led to a boom in jet sales."
"Trump and congressional Republicans have certainly delivered for the billionaire class."
Chuck Collins, director of the Program on Inequality at the Institute for Policy Studies, called bonus depreciation "a massive tax break for billionaires and centi-millionaires that use the most polluting form of transportation on the planet."
"A corporation purchasing a $50 million private jet could potentially deduct the entire $50 million from their taxes in the year of the purchase, rather than spreading the deduction over many years," Collins wrote. "This amounts to a massive taxpayer subsidy, as ordinary taxpayers pick up the tab for the private jet industry and billionaire high flyers."
"Subsidizing more private jets on a warming planet is reckless and indefensible," he added.
The National Business Aviation Association, a lobbying group for the private aviation industry, celebrated passage of the Republican legislation, specifically welcoming the bonus depreciation policy as "effective for incentivizing aircraft purchase." (The Institute for Taxation and Economic Policy argues that "depreciation tax breaks have never been shown to encourage more capital investment.")
Meanwhile, communities across the United States are bracing for the law's deep cuts to Medicaid and federal nutrition assistance, which are expected to impose damaging strains on state budgets and strip food benefits and health coverage from millions of low-income Americans.
"Trump and congressional Republicans have certainly delivered for the billionaire class," said Robert Weissman, co-president of Public Citizen. "This is certainly one of the cruelest bills in American history, backtracking on the country's painfully slow history of expanding healthcare coverage and, equally remarkably, taking food away from the hungry."
"That's a lot of needless suffering just to make the richest Americans richer," he added.
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