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January 4, 2017
WASHINGTON—Ed McClellan has joined Covington as a partner in its Tax and Public Policy and Government Affairs practices resident in Washington.
Mr. McClellan served as Tax Counsel for the U.S. Senate Finance Committee and as a senior policy and technical advisor to two chairmen of the Committee, Senator Chuck Grassley and the late Senator Bill Roth. Mr. McClellan was responsible for developing legislation relating to international taxation, domestic corporate taxation, corporate integration, financial services, capital gains, dividend taxation, financial products, REITS, pass throughs, and accounting methods. He served as a lead counsel on the American Jobs Creation Act of 2004, the Jobs and Growth Tax Relief Reconciliation Act of 2003, the Job Creation and Worker Assistance Act of 2002, the FSC Repeal and Extraterritorial Income Exclusion Act of 2000, and the Tax Relief Act of 2001, for which he played a key role in negotiating the reduction of individual income tax rates. Mr. McClellan most recently served as a principal in the tax legislative and regulatory practice of an international accounting firm and has over 35 years of experience in tax policy and technical tax analysis.
“Given the inevitability of new tax legislation that will have significant effects across the economy, Ed is a highly valuable resource in an area of great importance for our clients,” said Timothy Hester, the firm’s chair. “Ed brings extensive experience advising clients on tax legislation and adds critical new capabilities to our already strong teams in tax law and government affairs.”
“I look forward to drawing upon Covington’s strong Public Policy and Governmental Affairs and Tax practices to build a thriving tax legislative practice,” said Mr. McClellan. “Given the firm’s deep bench of former Treasury and other government officials, like Senator Jon Kyl who served as the top Republican on the Subcommittee on Taxation, Covington can craft highly technical solutions that make good business sense and can survive the legislative process.”
Mr. McClellan received his Masters of Law in Taxation (LL.M.) at the Georgetown University Law Center and his J.D. and B.S. in accounting from Indiana University.