That stock News

BELTSVILLE, Md - President Barack Obama presented a proposal Friday to provide tax relief for businesses, call Democrats and Republicans to join after Tuesday's election to stimulate the economy.

Days before the Republicans are supposed to achieve substantial gains in the polls of the Congress, Obama, a Democrat, has highlighted a plan won until this little traction policy despite what sees as White House use bipartisan.

The proposal would allow businesses of all sizes take immediate retained for certain expenditure capital between September of this year and the end of 2011.

Locking of the last years mess just ask Mike Dillon, who fought to keep his home in New Hampshire during most of the past 10 years. Life Inc.: page top Economist says no "double-dip" Life Inc.: giant monument for the credit crunch

Small businesses can now deduct 50% of some investments immediately instead of accounting for the costs over time.

"Political season goes faster."And when he (is), each of us will have a responsibility, Democrats and Republicans, to work together to the extent possible to promote jobs and growth, "Obama, flanked by giant rolls of sheet metal, said after the tour a local company in Maryland."

"The idea that I am announcing today is that Democrats and Republicans should be able to support...".It is a simple.Il proposal would be a serious difference for this company and others like it.?

Administration of fact Obama septembre.Il proposal published a report Friday outlining its benefits, including $ 150 billion in tax breaks to businesses over two ans.Il cover some 2 million small and large companies.

Obama remarks indicate the intention of the White House to focus on the issue in the coming months, even if the Democrats lose majorities in one or both houses of Congress on Tuesday.

"It will bring a tooth in the unemployment rate which we now on," said Obama.

"We will continue to widen the worst recession in the early 1980s, our mission is to accelerate recovery and encourage faster growth," he said, commenting on the release of a report in advance on the US economy in the third quarter.

Obama representatives expressed hope that Republicans would support the plan.

"The last month or two, you've not seen Republican even out kissing the Chairman put forward ideas and trying to discuss constructively to advance their ', a senior official said to journalists.

"One would hope that in November, December next year that people start examines economic underlying narrative proposals and uniting to move forward."

Copyright 2010 Thomson Reuters.Cliquez on restrictions.

View the original article here