Cisco-Backed Repatriation Tax-Break Lobby Effort Ceases

A lobbying coalition seeking a tax holiday for repatriating offshore profits ended its campaign amid bipartisan congressional reluctance after spending more than a year and $760,000 on the effort.

The Win America Campaign, which included Cisco Systems Inc., Microsoft Corp. and Apple Inc., severed its relationship with all three lobbying firms in March, according to forms filed with the U.S. Senate over the past week. The coalition “temporarily suspended” lobbying on the issue, said Jennifer Dunn, a spokeswoman for Cisco. The company still considers repatriation and a tax-code overhaul to be top priorities, she said.