Obama to propose $300 billion in tax breaks for business
President Barack Obama on Wednesday will propose $300 billion in accelerated or expanded tax breaks for business, a jolt of cash that he says would jump-start hiring and help revive the nation's economy.
President-elect Barack Obama plans to include about $300 billion in tax cuts for workers and businesses in his economic recovery program as he seeks to win over congressional skeptics worried that he was too focused on government spending, advisers said Sunday.