Political Capital
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Richard Rubin

covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010.

Representative David "Dave" Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, speaks during a news conference in Washington, D.C., on Feb. 26, 2014.

Photograph by Andrew Harrer/Bloomberg

Representative David "Dave" Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, speaks during a news conference in Washington, D.C., on Feb. 26, 2014.

Camp’s Bank Tax Drawing Party Fire

– written with Cheyenne Hopkins When Republican Rep. Dave Camp proposed a version of President Barack Obama’s bank tax, he irritated more than just the handful of companies that would be on the hook for $86.4 billion over the next...

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Ronald "Ron" Wyden, a Democrat from Oregon, center, arrives to the U.S. Capitol to vote on the nomination of Janet Yellen as chairman of the U.S. Federal Reserve in Washington, D.C., on Jan. 6, 2014.

Photograph by Andrew Harrer/Bloomberg

Ronald "Ron" Wyden, a Democrat from Oregon, center, arrives to the U.S. Capitol to vote on the nomination of Janet Yellen as chairman of the U.S. Federal Reserve in Washington, D.C., on Jan. 6, 2014.

Wyden Seeks Extension of Lapsed Tax Breaks

Ron Wyden, the new chairman of the Senate Finance Committee, is eyeing a committee vote this spring to extend lapsed tax breaks, says Lindsey Held, a committee spokeswoman. The Oregon Democrat has made the lapsed breaks, such as the research...

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Rep. Dave Camp (R-MI), chairman of the House Ways and Means Committee proposed restructuring the U.S. tax code on Feb. 26, 2014.

Photograph by Andrew Harrer/Bloomberg

Rep. Dave Camp (R-MI), chairman of the House Ways and Means Committee proposed restructuring the U.S. tax code on Feb. 26, 2014.

Blackstone, Other Private Equities Face Corporate Tax Rates in Reform

Blackstone Group, KKR & Co. and other publicly traded private equity firms would be forced to go private or pay the corporate income tax under a plan from the top Republican tax writer in Congress. The proposal from Rep. Dave...

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John Koskinen waits to testify before his confirmation hearing at the Senate Finance Committee in Dirksen Building on his nomination to be commissioner of Internal Revenue Service.

Photograph by Tom Williams/CQ Roll Call

John Koskinen waits to testify before his confirmation hearing at the Senate Finance Committee in Dirksen Building on his nomination to be commissioner of Internal Revenue Service.

IRS Boneheaded or Political? — House Welcomes Commissioner

Boneheaded actions or political targeting? That’s the question that has loomed over the Internal Revenue Service for nine months — and it consumed Commissioner John Koskinen’s first appearance before the House Ways and Means Committee today. Republicans, including Reps. Dave...

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House Ways and Means Committee Chairman Dave Camp (R-MI) at a news conference on the 50th anniversary of the start of the War on Poverty on Jan. 8, 2014 in Washington, DC.

Photograph by Chip Somodevilla/Getty Images

House Ways and Means Committee Chairman Dave Camp (R-MI) at a news conference on the 50th anniversary of the start of the War on Poverty on Jan. 8, 2014 in Washington, DC.

Camp Challenges IRS Rules Changes for Nonprofits

Dave Camp is still displeased with the Internal Revenue Service. The Michigan Republican and chairman of the House Ways and Means Committee requested a pile of documents from the U.S. tax agency today as he tries to stop rules that...

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Tom Daschle, senior policy advisor at DLA Piper and former U.S. Senator from South Dakota, in Washington, D.C., in this March 20, 2012 file photo.

Photograph by Christopher Powers/Bloomberg

Tom Daschle, senior policy advisor at DLA Piper and former U.S. Senator from South Dakota, in Washington, D.C., in this March 20, 2012 file photo.

Obama Must Overcome ‘Lethargy’ in State of the Union: Daschle

Written with Michael Bender President Barack Obama must demonstrate passion that’s been lacking when he gives the annual State of the Union speech to Congress Tuesday night, former Senate Majority Leader Tom Daschle says. Obama’s remarks should reflect the “universal recognition” that income inequality...

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Steven Miller, who was forced out as acting commissioner of the Internal Revenue Service, right, pauses while speaking during a House Ways and Means Committee hearing with J. Russell George, U.S. Treasury inspector general for tax administration, left, in Washington, D.C. on May 17, 2013.

Photograph by Andrew Harrer/Bloomberg

Steven Miller, who was forced out as acting commissioner of the Internal Revenue Service, right, pauses while speaking during a House Ways and Means Committee hearing with J. Russell George, U.S. Treasury inspector general for tax administration, left, in Washington, D.C. on May 17, 2013.

IRS Documents Conflict With Prior Statements About Political Reviews

Internal Revenue Service training materials released today contradict agency executives’ prior statements about their tests for determining when nonprofit groups are engaged in too much political activity. Last year, then-acting commissioner Steven Miller told lawmakers that the agency had never...

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Representative Dave Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, left, during a hearing with Representative Sander Levin, a Democrat from Michigan, in Washington, D.C., on Oct. 29, 2013.

Photograph by Andrew Harrer/Bloomberg

Representative Dave Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, left, during a hearing with Representative Sander Levin, a Democrat from Michigan, in Washington, D.C., on Oct. 29, 2013.

Camp: Pause IRS Regs on NonProfits

The Republican chairman of the House Ways and Means Committee wants to press the pause button on Internal Revenue Service regulations that will shape how nonprofit groups can engage in politics. Rep. Dave Camp of Michigan proposed a bill that...

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