Lobbying Spending Hits New Record with Tax, AI Issues Looming

Public Policy & Regulation attorney Todd Wooten was quoted in a Bloomberg Law article about the record $4.27 billion spent on lobbying in 2023 as lawmakers prepared for major upcoming legislation on tax policy and artificial intelligence (AI) regulation. Mr. Wooten used a sports analogy, likening the looming expiration of key provisions of the Tax Cuts and Jobs Act in 2025 to the "Super Bowl of tax legislation," which has prompted corporations to proactively engage with Congressional tax-writing committees like the House Ways and Means and Senate Finance. The article also highlighted growing lobbying efforts from tech companies seeking to shape potential AI regulations amid recent Congressional hearings on the topic.

Mr. Wooten commented that while the future of AI regulation remains uncertain, "things are absolutely taking shape," adding that "the smart people are the ones who are engaging now."

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