A year of gridlock amid divided government and Republican infighting on Capitol Hill drove down spending by the biggest interest groups by about 13 percent in 2023 from the previous year.
In a year in which the House was without a speaker for nearly a month and Congress punted action on many of its obligations into 2024, the top 10 interest groups representing companies across business, technology, real estate and health care sectors spent $283.1 million, down from $326.6 million in 2022.
Tax policy, artificial intelligence and China, along with perennial issues like health care and defense, drove interest and revenue on K Street last year, lobbyists said. Those trends are expected to hold this year. And with a bipartisan tax deal in the works and key tax provisions from the 2017 tax law set to expire at the end of 2025, tax is expected to take on greater prominence this year.
