Why it Matters

Corporate income tax is at the center of FMC Corp.’s new lobbying strategy after hiring Holland & Knight LLP to press lawmakers on rates, deductions, and international rules. The hire brings Senate Finance Committee experience as Congress debates extensions of the 2017 Tax Cuts and Jobs Act (TCJA).

By the Numbers

FMC has disclosed more than $28 million in total lobbying expenditures since 2003, including $20.7 million in in-house lobbying across 77 disclosures. Holland & Knight’s team listed on FMC’s registration includes Todd Alan Wooten, Nicole M. Elliott, Joshua David Odintz, and an additional unnamed lobbyist; two named lobbyists previously served as tax counsel on the Senate Finance Committee.

Broader Context

Congress is actively debating tax reform as multiple TCJA provisions approach expiration. The House Ways and Means Committee hearing in January 2025 advanced components of the administration’s tax agenda, and lawmakers are considering international tax rules and R&D credit treatments that directly affect multinational agricultural manufacturers.

The Agenda

FMC’s registration specifically lists “Corporate Income Tax” under taxation policy. The company aims to influence proposals on corporate rates, business deductions, and international tax provisions, including bills such as the International Competition for American Jobs Act, which would change FDII and CFC rules.

Competitive Landscape

  • Procter & Gamble reported $993,000 in Q1 2025 lobbying on corporate tax reform and OECD digital tax issues: P&G LDA filing.
  • Case New Holland advocates for R&D immediate expensing: Case New Holland filing.
  • CHS Inc. pushes for R&D expensing and bonus depreciation benefits: CHS filing.

Between the Lines

Key lawmakers have signaled positions ahead of tax negotiations. Rep. Jason Smith has promoted a broad package of tax priorities, while Sen. Ted Cruz reintroduced industry-favorable measures and Rep. Lloyd Doggett proposed counterlegislation to limit offshore tax advantages.

The Bottom Line

FMC’s hire of Holland & Knight is a strategic move to navigate high-stakes corporate tax negotiations. The firm’s Senate Finance expertise positions FMC to engage on complex legislation affecting multinational agricultural companies as Congress considers changes to TCJA-era rules.

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