Business looks to Republicans to block rules, taxes
The Republican victories in Congress mean U.S. companies from Goldman Sachs Group Inc. to WellPoint Inc. may be able to weaken or block what they consider President Barack Obama's anti-business policies on health care, the environment, taxes and financial reform. Republicans retook the House of Representatives yesterday with a gain of at least 60 seats, their biggest increase since 1938. The party will use its first majority in the House since 2006 to try to eliminate funding for parts of Obama's health care bill opposed by business as well as curb regulations and government spending, Jay Timmons, executive vice president of the National Association of Manufacturers, a Washington based lobbying group, said in an interview before the election.
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