Obama to introduce another business tax cut

September 7, 2010 by legitgov

Obama to introduce another business tax cut 07 Sep 2010 In another move aimed at stabilizing the still-shaky economy, President [Wall Street troll] Barack Obama on Wednesday will introduce a new $200 billion tax cut giving businesses across the country an incentive to buy new equipment in the short term, according to a senior administration official. The tax cut would allow businesses to write off 100 percent of new investments in plants and equipment made between now and the end of 2011, according to the senior administration official.