President Barack Obama is to back new company tax breaks in a bid to regain the initiative as mid-term polls loom. He will lobby Congress - including a blocking minority of Republicans in the Senate - to let companies in the US write off investment costs until 2011. With unemployment stuck at 10% and the economy appearing to slow sharply, the president's Democratic Party could face big losses at the November elections. On Monday, Mr Obama also called for $50bn of new infrastructure spending.
President Barack Obama is to back new company tax breaks in a bid to regain the initiative as mid-term polls loom.
He will lobby Congress - including a blocking minority of Republicans in the Senate - to let companies in the US write off investment costs until 2011.
With unemployment stuck at 10% and the economy appearing to slow sharply, the president's Democratic Party could face big losses at the November elections.
On Monday, Mr Obama also called for $50bn of new infrastructure spending.
Corporate America is fully a fourth branch of the US govt at this point.
