With everything on the table, Washington's 12,000-member lobby community is gearing up for an all-fronts defense of hard-won tax provisions and spending priorities.
"All loopholes and priorities in this tax code are possible targets. You'll see lobbying across the entire spectrum of items protected in the tax code," Mr. Ullyot says.
The 12 lawmakers tapped by congressional leaders to serve on this panel are: Sen. Patty Murray (D) of Washington and Rep. Jeb Hensarling (R) of Texas, who are the co-chairs; Sens. Max Baucus (D) of Montana, John Kerry (D) of Massachusetts, Jon Kyl (R) of Arizona, Rob Portman (R) of Ohio, and Patrick Toomey (R) of Pennsylvania; and Reps. Xavier Becerra (D) of California, Dave Camp (R) of Michigan, James Clyburn (D) of South Carolina, Fred Upton (R) of Michigan, and Chris Van Hollen (D) of Maryland.