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Democrats bow to Wall Street, saving tax break for billionaires

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According to Bloomberg News, private equity firms have paid out over $5.5 million in lobbying fees so far this year, four times what they spent in all of 2006. The Blackstone Group alone has spent $3.74 million this year on one lobbying firm—Ogilvy Government Relations—the largest amount ever paid out to such a firm in a six-month period.

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