WKYT | Lexington, Kentucky | News

Obama aims to reward businesses that invest in US

WASHINGTON (AP) - President Barack Obama says he wants to reward companies that invest in America and eliminate tax breaks for companies that don't, and he's planning new tax proposals to do it.

The president says rising American productivity and increasingly competitive costs here at home means it's good business to keep jobs in the U.S. rather than overseas. And he says there's a moral case for it, too, and that business leaders have a responsibility to invest in their country.

The president's comments came in prepared remarks released ahead of a White House event meant to underscore his focus on jobs a day after his Republican foes competed in the New Hampshire primary. Mitt Romney and other opponents have made attacks on Obama's economic leadership central to their campaigns.

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