DEMS ASK YELLEN FOR FEW CARVEOUTS ON BOOK TAX: "Congressional Democrats are urging the Treasury Department to ignore appeals by lobbyists to weaken the 15% minimum levy on domestic corporations," Bloomberg's Laura Davison reports. — "Senators Elizabeth Warren, Angus King, Michael Bennet, and Representative Don Beyer, asked Treasury Secretary Janet Yellen and her staff to take an aggressive stance against companies that seek carve-outs or other modifications to the minimum levy" included in Democrats' reconciliation bill. — "'Strong implementation necessitates standing firm against requests to dilute the regulations in such a way as to undermine the clear intent of the law,' the lawmakers wrote in a letter obtained by Bloomberg News." — The lawmakers' letter comes as "tax veterans around Washington, including several with significant experience at Treasury, say one particular provision in the Inflation Reduction Act offers an extraordinary amount of authority to the executive branch — essentially giving the Treasury secretary the power to exempt individual companies from the new 15 percent minimum tax on their financial book income," POLITICO's Bernie Becker reported yesterday. — "Republicans on the Hill have definitely raised their eyebrows at that particular language in the Democrats' bill, which gives the Treasury secretary — currently Janet Yellen — the power to order an exemption if she 'determines that it would not be appropriate' for a particular corporation to pay the tax," though Democratic aides who crafted the provision stressed that giving certain companies a carveout wasn't their intent. AKIN GUMP IN THE U.S. ADDS A LOBBYIST IN EUROPE: Jan Walter is joining Akin Gump Strauss Hauer & Feld as a senior policy adviser based in Geneva, the first member of the firm's U.S. lobbying operation to be based outside the country. Walter most recently served as senior intellectual property adviser at the U.K. Mission to the United Nations and World Trade Organization, and will represent clients' interests before those and other international agencies including the World Intellectual Property Organization and World Health Organization. — "Jan's presence here will help Akin Gump to further tap into the dynamic negotiations and meetings that are taking place daily among the international organizations in Geneva," Stephen Kho, who runs Akin Gump's Geneva office, said in a statement. "These discussions can impact regulations and rulemaking that will affect trade, climate change, worker rights and competition policies around the world." — His addition comes as international policy and regulatory bodies have begun to increasingly set the agenda for companies with business outside of the U.S., including on issues like health and biotechnology, digital trade, IP and climate change. COMING TO AN FEC FILING NEAR YOU: "Former New York Gov. Andrew Cuomo , who resigned more than a year ago after allegations of sexual harassment, said in a video Wednesday that he will start a political action committee 'to elect the right people to politics,' form a gun-control group and launch his own weekly podcast," POLITICO's Anna Gronewold reports. — "In the 8-minute recording, the three-term Democratic governor said his time away from public service has given him a fresh perspective on politics, and he's 'very concerned about the state of our country.' His qualms echo grievances he has aired for years about the extreme nature of political discourse; progressives whose ideals prevent legitimate action; and the evils of social media." — "The former governor still had more than $10 million in his campaign account as of the most recent July filing. It was unclear whether he will tap into that fund to start the PAC or create his own fundraising operation." — Whether Cuomo's cash will be welcomed within the Beltway is another question, with New York lawmakers "split on whether or not they would take the money from the group," Nancy Vu reports for Congress Minutes. SPOTTED at the Southwest Airlines Pilots Association's annual Touch-n-Go reception on Wednesday at the American Dental Association townhouse on Capitol Hill, per a tipster: Reps. John Joyce (R-Pa.), Colin Allred (D-Texas), Donald Payne (D-N.J.), Carol Miller (R-W.Va.), Pete Stauber (R-Minn.), Don Bacon (R-Neb.), Randy Feenstra (R-Iowa), Andrew Garbarino (R-N.Y.), Norma Torres (D-Calif.), David Valadao (R-Calif.), Chris Pappas (D-N.H.), Jan Schakowsky (D-Ill.), Bill Johnson (R-Ohio), Chuy García (D-Ill.), Gary Palmer (R-Ala.), Debbie Wasserman Schultz (D-Fla.), Jack Bergman (R-Mich.), Tracey Mann (R-Kan.), William Timmons (R-S.C.), Brian Fitzpatrick (R-Pa.), Stephen Lynch (D-Mass.), Nicole Malliotakis (R-N.Y.), Michael Guest (R-Miss.), Rick Larsen (D-Wash.), Michael Waltz (R-Fla.), Greg Stanton (D-Ariz.) and Sen. Roger Marshall (R-Kan.).
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