News Manufacturing & Economy Official: Obama to Back More Business Tax Breaks
Official: Obama to Back More Business Tax Breaks
Tuesday, 07 September 2010 10:07
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President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of showing action on the economy ahead of the November elections.

An administration official said the tax breaks would save businesses $200 billion over two years, allowing companies to have more cash on hand.

Source: AP

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