More than 30 conservative organizations sent a letter to Commerce Secretary Howard Lutnick on Tuesday rejecting the Trump administration's reported plan to impose a new patent tax .

Americans for Tax Reform, Conservatives for Property Rights and the National Taxpayers Union are among the conservative watchdogs and policy groups leading the coalition against the "unprecedented change being considered for the U.S. patent system."

According to The Wall Street Journal , Lutnick has discussed charging patent holders 1% to 5% of their overall patent value. That would dramatically increase fees to shore up revenue to pay for the government's budget deficit.

In a letter addressed to Lutnick, the conservative organizations argue that a new patent tax would undermine the tax cut benefits incl

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