Obama calls for tax breaks for small businesses

WASHINGTON Wed Jan 27, 2010 9:40pm EST

President Barack Obama (below) makes a point as U.S. Vice President Joe Biden and U.S. Speaker of the House Nancy Pelosi look on during his first State of the Union Address on Capitol Hill in Washington January 27, 2010. REUTERS/Jason Reed

President Barack Obama (below) makes a point as U.S. Vice President Joe Biden and U.S. Speaker of the House Nancy Pelosi look on during his first State of the Union Address on Capitol Hill in Washington January 27, 2010.

Credit: Reuters/Jason Reed

Related Topics

WASHINGTON (Reuters) - President Barack Obama called on Wednesday for the elimination of all capital gains taxes on small business investment and said he would seek tax incentives for all businesses that invest in new equipment.

In his first State of the Union address to Congress, Obama also said it was "time to finally slash the tax breaks for companies that ship jobs overseas."

FILED UNDER:
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (10)
fred5407 wrote:
I doubt that the Congress will do it. They have for so long accepted money for throwing business and tax breaks to large corporations and wealthy investors that they cannot stop. Looks like white wash on the wall that comes off with the first rain.

Jan 28, 2010 11:22am EST  --  Report as abuse
grr wrote:
How War-Dog(prezOB) makes changes.

Keeps and fights for Bush appointees .

fights to expand Bush’s “no child left behind”

Attempted to keep Bush’s “Road map to peace” on course (fails)

wants to extend the Bush tax cuts that he once opposed

Make Gov transparent by going behind closed doors bribing Union and house members (is that called bail out)

Troop surge, hmmm sound similar?

On and On bla bla bla


Continues to ruin our image aboard from Iran to China, now Indonesia is contemplating remove their “Barry” statue “he has done nothing for us or the world things have gotten worse”!

The list goes on………

I personally apologize for my own ignorance and lack of good judgment when we elected this guy.

Jan 28, 2010 1:26pm EST  --  Report as abuse
grr wrote:
War-Dog(OB) says bla-bla-bla-bla…..

Jan 28, 2010 1:36pm EST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.