Obama will propose that companies be allowed to write off 100% of their new investment in plants...

|By:, SA News Editor

Obama will propose that companies be allowed to write off 100% of their new investment in plants and equipment through 2011, which could cut business taxes by nearly $200B. The proposal, to be outlined tomorrow, will include a proposed expansion of the R&D tax credit and $50B in new spending on roads, railways and runways.