Obama to Propose $100 Billion, Permanent Extension of Research Tax Credit

Comments:  | Leave A Comment

Obama Jobs

President Barack Obama this week will urge Congress to permanently extend and expand a research and development tax credit to encourage job growth.

Obama will lay out the proposal, which would cost about $100 billion over the next decade, in a Sept. 8 speech on the economy in Cleveland, Ohio, according to two administration officials speaking on condition of anonymity before the announcement.

Obama has promised to roll out “new ideas” to boost growth and spur hiring as he focuses on the economy with less than two months until the November congressional elections.

Read more at Bloomberg

Click here to view photos:

RELATED:

Obama signs bill reducing cocaine sentencing gap

Obama signs extension of jobless benefits

Join the Conversation! Share on Facebook!

Tags: » »

Comments

blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,656 other followers