Fleshing out a year-old initiative, the Obama administration wants Congress to enact or expand tax breaks for small businesses and remove barriers to startups, seizing on some existing bipartisan proposals that could win support even in the polarized climate of an election year.
CEDAR RAPIDS, Iowa (Reuters) - President Barack Obama began a campaign-style swing through political battleground states on Wednesday, pitching his State of the Union initiatives on taxes and jobs as he made his case for a second term. Fresh from his election-year speech to Congress, Obama amplified his proposals for rewarding companies that keep jobs at home and eliminating tax breaks for those ...
Those making more than $1 million a year would pay a minimum effective tax rate of at least 30 per cent and their tax deductions would be eliminated under Obama's plan.