WKYT | Lexington, Kentucky | News

Obama to pitch trio of economic proposals

WASHINGTON (AP) - President Barack Obama will pitch a trio of economic proposals today in an effort to show the public he's taking action to spur economic growth.

During a trip to Cleveland, the president will outline a $50 billion infrastructure investment, a permanent expansion of research and development tax credits for companies and new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011.

The administration hopes the proposals will increase business and consumer confidence, while also giving Democrats a boost in the November elections. But each proposal would require congressional approval, which is highly uncertain given Washington's partisan atmosphere.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus


2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Register for Email
RSS Feeds
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 102429654 - wkyt.com/a?a=102429654
Gray Television, Inc.