Reporting from Washington —
President Obama this week will call for tax incentives that would allow businesses to write off 100% of new capital investment through 2011 — moves that the White House says could save businesses $200 billion over two years.
The far-ranging tax proposal is one of a series of economic measures the White House planned to release this week. The first came Monday when Obama called for a $50-billion boost in spending on the nation’s roads, runways and railroads, his latest effort to respond to the stubbornly sluggish economy in a political climate turning against his party.
The $50-billion spending plan, Obama said, would put construction workers back on the job and rebuild deteriorating infrastructure.
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This is great news! As long as the businesses are providing employment in this country.I do not believe companies who have offshore branches should be entitled to this sort of tax break.
There are some interesting cut-off dates on this article but I don’t know if I see all of them heart to heart. There is some validity but I will take maintain opinion until I look into it further. Good article , thanks and we wish more! Added to FeedBurner as nicely