November 13, 2012
by Reuters

As major U.S. businesses dive into the Washington tax policy debate now that the presidential election is over, some are finding themselves in an awkward position after betting heavily on Mitt Romney.

The Republican, who lost in last week's vote, was backed overwhelmingly not only by Wall Street, but also by the oil and gas, agribusiness, construction, private equity and transportation sectors, according to data from the Center for Responsive Politics.

That puts some businesses on the outs with President Barack Obama and his fellow Democrats, who tightened their grip on the Senate after reelection to a second term, some corporate lobbyists said.

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