Wednesday, September 08, 2010
Image via WikipediaObama Lashes GOP, Holds Firm On Tax Hike For Rich : NPR
Adopting a bravado seldom seen lately, President Obama on Wednesday set the midterm election season into full tilt with new proposals intended to strengthen the economy and call out Republican lawmakers planning to defeat the otherwise politically popular slate of initiatives.
Obama called on Congress to permanently extend certain tax credits for companies, allow businesses to write off all spending on expansions and improvements and cut taxes for those who earn up to $250,000 a year. He also reiterated his opposition to continuing the Bush-era tax cuts for the highest-earning Americans, saying an extension would cost $700 billion over 10 years.