Once upon a time in Washington, the business community had loyal allies in Congress, and they were called Republicans.
When Democrats proposed legislation that threatened to over-manage, over-regulate or over-tax American businesses, executives and the lobbyists who advocated for them in the nation’s capital could rely on Republicans to defend their interests.
The political messaging wasn’t always clean — sticking up for corporate America can be challenging. But Republicans believed too much government intervention in the marketplace was, as Texas Sen. John Cornyn often said , “a wet blanket on the economy,” ultimately hurting middle-class and blue-collar workers as well ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.
