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GOP House Majority Could Shield Industries From New Taxes, Regulations
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WASHINGTON—Republican wins at the ballot box have long translated into gains for the business lobby in Washington. This election is likely to be no exception, despite the party’s increasingly populist slant.
The GOP takeover of the House will give Republicans the power to block efforts by Democrats to approve new regulations or taxes on the fossil-fuel industry, private-equity funds, tobacco makers and drug manufacturers.
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