The Washington PostDemocracy Dies in Darkness

Corporate America launches massive lobbying blitz to kill key parts of Democrats’ $3.5 trillion economic plan

Drug makers, big banks, tech giants and others are preparing to fight the party’s package, including its proposals for raising taxes

August 31, 2021 at 9:41 a.m. EDT
The U.S. Capitol. (Mandel Ngan/AFP/Getty Images)
8 min

A torrent of political groups representing some of the country’s most influential corporations — including ExxonMobil, Pfizer and the Walt Disney Company — are laying the groundwork for a lobbying blitz to stop Congress from enacting significant swaths of President Biden’s $3.5 trillion economic agenda.

The emerging opposition appears to be vast, spanning drug manufacturers, big banks, tech titans, major retailers and oil-and-gas giants. In recent weeks, top Washington organizations representing these and other industries have started strategizing behind the scenes, seeking to scuttle key elements in Democrats’ proposed overhaul to federal health care, education and safety net programs.