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Bloomberg
Washington’s most powerful trade associations spent more than $30 million on lobbying in the third quarter as Congress ramped up efforts to overhaul of the US tax code.
Real estate groups were among those spending
heavily, according to lobbying
disclosures released for
three months. The National
Association of Realtors,
among Washington’s biggest spenders, doled out $11.1 million during the period. The National Association of Real Estate Investment Trusts spent $1.23 million, hitting a record.
The White House and Republican congressional leaders released a framework for overhauling taxes on September 27, three days before the end of the quarter. Several groups have said they lobbied tax-writers during the months leading up to the release, including an effort that succeeded in killing a proposed levy on imports. Trump has said the legislation will be “the largest tax cuts in US history.â€
The Realtors have been fighting to preserve the federal deduction for mortgage interest. The US Chamber of Commerce business group spent $13.12 million on several issues, including tax policy and efforts to repeal and replace the Affordable Care Act.