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President Obama Backing Research Tax Credits

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cal04 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-05-10 09:24 AM
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President Obama Backing Research Tax Credits
http://www.nytimes.com/aponline/2010/09/05/us/politics/AP-US-Obama-Tax-Credits.html?hp

A White House official says President Barack Obama will ask Congress to permanently extend research and development tax credits for businesses as a way to spur economic growth.

Obama will outline the proposal Wednesday during a speech on the economy in Cleveland. The official says the $100 billion proposal will be paid for by closing other corporate tax breaks.

The official spoke on the condition of anonymity because the proposal has not been formally announced.
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MannyGoldstein Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-05-10 09:31 AM
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1. Fast relief for America's 30 million unemployed
not.

Tax cuts for business.
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