Major corporations plot lobbying blitz on tax cuts in case Democrats win in November

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A coalition of big corporations are laying the groundwork to protect President Donald Trump’s corporate tax rate in anticipation of a Democratic majority in Congress next year.

The RATE Coalition, a group made up of 21 corporations such as Verizon, Target, and Walmart, is preparing a six-figure lobbying and advertising blitz to preserve the 21% corporate tax rate enacted by the president’s 2017 tax bill.

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