Capitol Report: Corporate America looks set to fend off state ballot measures

State ballot measures aren’t getting the same attention as this year’s key congressional races, but they are leading to big spending by companies hoping to win over voters.

And Corporate America looks on track for victory on some 2018 issues, analysts say.

In Montana, tobacco giant Altria Group Inc. MO, +0.22% has shelled out $17 million to fight against a ballot initiative that aims to fund an expansion of Medicaid through additional taxes on tobacco products.

In California, dialysis provider DaVita Inc. DVA, +0.73% has spent $67 million to battle Proposition 8, which proposes limits on how much clinics can charge for dialysis, a vital treatment for people with kidney disease.

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