Obama voice for a breaking tax. Business Ideas and news, President obama will purpose that companies must allow 100 % of their new investment in plants and equipments in 2011. Every companies must make a proposal. “Proposal must send on Wednesday” obama said in a speech in Cleveland.

The companies can decrease a new cost of investment. The investment incentive would embrace a long-held wish by conservative economists that had never won support from either Republican or Democratic administrations. White House economists said the plan would cut business taxes by nearly $200 billion over two years. Officials said that all but $30 billion of that amount would have been deducted in the next decade under current rules. Some in the business community said a higher priority for them continued to be the extension of the Bush-era income-tax rates for higher earners, set to expire at the end of 2010. Mr. Obama and many congressional Democrats want to eliminate the current 33% and 35% rates for higher earners, and return them to pre-Bush levels of 36% and 39.6%.

Many NFIB members also are concerned about a new requirement for reporting purchases of more than $600 to the Internal Revenue Service, he added. He questioned whether many business owners would choose to buy more equipment, at least until sales pick up.