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Thursday, November 12, 2026Nov 12

Suddenly, a raft of tax-break proposals from Obama

By TOM RAUM

Associated Press Writer

WASHINGTON – President Barack Obama’s proposed tax breaks for business sound like ideas that have enjoyed broad Republican backing in the past. But in today’s toxic political atmosphere, he’s unlikely to get much – if any – GOP help.

Still, his plans put Republicans on the spot, making it harder for them to say no to legislation they once embraced.

In a speech on Wednesday in Cleveland, Obama will ask Congress to let businesses quickly write off 100 percent of their spending on new plants and equipment through 2011.