Laura Davison
Bloomberg
Washington, DC, United States
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Past articles by Laura:
Biden to Urge 25% Billionaire Tax, Levies on Rich Investors
President Joe Biden is proposing a series of new tax increases on billionaires, rich investors and corporations in his latest proposal for how Congress should prioritize taxes and spending. → Read More
Biden Troubled China Did Not Take Pentagon Call Over Balloon
President Joe Biden said he was troubled that China declined to take a call from Pentagon officials over the alleged spy balloon that crossed the US. → Read More
Donald Trump Could Lose Millions in Backing From Conservative Donors
Key Republicans are trying to choke off any momentum that Donald Trump can build for a third White House campaign to make room for a fresh GOP standard bearer. → Read More
George Santos Produced Broadway’s Ill-Fated Spider-Man Musical. At Least, He Claims He Did
Add Broadway producer to the long list of George Santos’s fabrications. → Read More
Trump Used Records Requests to Get Look Behind Scenes of Talks Over His Taxes
Donald Trump demanded reams of information from the Internal Revenue Service as it was preparing to turn over his personal tax returns to a congressional committee, papering the agency with a deluge of Freedom of Information Act requests in search of a behind-the scenes look at its deliberations, new documents show. → Read More
Republicans Bring Back Smoke-Filled Rooms on Capitol Hill
There’s a lot of history repeating itself in Congress this year — the House is in GOP hands, Democrats control the White House and Senate and there’s an inescapable stench of tobacco smoke in the Capitol’s hallways. → Read More
McCarthy Blocked Again in Stunning Loss on 14th Speaker Vote
Republican Kevin McCarthy suffered a stunning and humiliating loss in the 14th round of balloting for speaker, just hours after he and his allies had put together a compromise they expected would win over his opponents. → Read More
McCarthy’s Fight to Become Speaker Drags Into Fourth Day
The US House adjourned as Kevin McCarthy’s allies tried to strike a deal with members of the group who’ve blocked the California Republican from being elected speaker in a historic 11 rounds of voting. → Read More
Why Conservatives Are Blocking McCarthy as Speaker — and Throwing Congress Into Chaos
The House is at a standstill with Republicans deadlocked in a battle to elect a speaker that heads into its second day with Representative Kevin McCarthy fighting a faction of 20 conservative, anti-establishment lawmakers who say the California Republican hasn’t done enough to win their votes. → Read More
10 Lawmakers to Watch in 2023 Who Could Shape Politics, Influence Business
Bloomberg identified 10 US lawmakers with the legislative expertise, political stature, and ability to get things done in a divided Congress — and they’ll be making waves in 2023. → Read More
Big Write-Offs, Tax-Cut Perks: Key Takeaways From Trump’s Tax Returns
Massive losses and large tax deductions in Donald Trump’s returns reveal how the former president was able to use the tax code to minimize his income tax payments. → Read More
Trump Tax Returns Give First Glimpse at Data He Fought to Hide
A House panel released six years of Donald Trump’s tax returns, the culmination of a years-long battle between Democrats and the former president who exhausted all legal options to keep his financial records private. → Read More
Donald Trump’s Taxes Reveal Big Losses: What We Learned So Far, in Charts
Former President Donald Trump’s personal and business financial losses have shielded him from paying much income tax since 2015, according to documents made public by the House Ways and Means Committee. → Read More
FTX Bankruptcy Means $73 Million in Political Donations at Risk of Being Clawed Back
At least $73 million of political donations tied to Sam Bankman-Fried’s FTX may be at risk of being clawed back as bankruptcy lawyers sort through the remnants of his crypto empire in search of assets to repay creditors. → Read More
Populist House Republicans Picking a Fight With US Business Over ‘Woke Capitalism’
Republicans and their longtime corporate allies are going through a messy breakup as companies’ equality and climate goals run headlong into a GOP movement exploiting social and cultural issues to fire up conservatives. → Read More
Tax Breaks for Kids, Companies Are Suddenly Brewing in Congress
When Congress returns in a few weeks, Republicans and Democrats will be focusing a compromise to extend tax breaks for both low-income children and corporations -- which would hand wins to both parties before year’s end but after the critical midterm elections. → Read More
Jan. 6 Takeaways: From a Trump Subpoena to a New Video of Pelosi During Attack
The Jan. 6 committee closed its last scheduled hearing with a dramatic flourish: a unanimous vote to subpoena former President Donald Trump for his role in the Capitol insurrection. → Read More
Companies See Democrats’ New Tax on Stock Buybacks as Cost of Doing Business
A new tax created by Democrats to slow a record pace of stock buybacks has been largely shrugged off by corporations that see the 1% excise levy as a minor cost of doing business. → Read More
Biden Is Closing In on Naming IRS Chief to Succeed Trump Appointee Rettig
President Joe Biden is narrowing the list of candidates to lead the Internal Revenue Service ahead of a massive expansion of tax enforcement. → Read More
The $80 Billion IRS Infusion Means More Audits—in 2026 or 2027
The agency’s new funding will help fight tax cheats, but it may not be enough to repair the damage from years of Republican budget cuts. → Read More