“Corporate Lobbyists Assail Tax Overhaul They Once Cheered”

NYT: “The twist reflects how lobbying in Washington — and the millions of dollars in fees that lobbyists collect — are often about stopping action and preserving the status quo. Whenever Congress considers major changes to the tax code, lobbyists buy insurance on both sides of the fight. It also reflects a pivot by lobbyists who had spent months cheering Mr. Camp’s three-year effort to draft this giant package, given that its stated purpose was to lower corporate tax rates and simplify the tax code, and who are now working to make sure that the package never becomes law.”

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