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Lobbyist: AAJ looking to quietly pass plaintiff lawyer tax break
Legal Newsline ^ | 8-16-09 | Chris Rizzo

Posted on 08/16/2009 10:36:41 AM PDT by Ja7430

SAN FRANCISCO (Legal Newsline)- Federal legislation that would afford trial lawyers a special tax break faces an uncertain future, says one of the chief lobbyists for the nation's trial lawyers.

The proposal would allow attorneys to deduct fees and expenses up-front for filing contingency-fee lawsuits. The proposal amounts to about a $1.6 billion tax break for plaintiffs' attorneys, estimates indicate.

(Excerpt) Read more at legalnewsline.com ...


TOPICS: Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: aaj; legalreform; triallawyers

1 posted on 08/16/2009 10:36:41 AM PDT by Ja7430
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To: Ja7430

The hits just keep on comin’........


2 posted on 08/16/2009 10:54:41 AM PDT by headstamp 2 (Question Marxist Authority)
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To: Ja7430

Then defendants should get the same tax break. But, oooohhhh noooo, they are not the biggest campaign contributors to leftists and Democrat (but I repeat myself) candidates and causes, so they will get short shrift.


3 posted on 08/16/2009 10:57:36 AM PDT by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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To: Ja7430

I don’t have a problem with them deducting expenses because they are going to do it anyhow. The problem here is that it will give them incentive to file more suits. That I have a problem with. I say, allow the tax change but couple it with loser pays reform.


4 posted on 08/16/2009 11:12:50 AM PDT by paul51 (11 September 2001 - Never forget)
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To: Ja7430
Actually, the only windfall profits tax that I have ever supported was on plaintiff lawyers and the entertainment industry.

Anyone looking for tort reform under this president will be disappointed.

5 posted on 08/16/2009 2:44:36 PM PDT by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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To: headstamp 2

How about letting physicians deduct overhead cost for all the free health care we give? I am sick of lawyers.


6 posted on 08/16/2009 5:23:49 PM PDT by therut
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