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2010 » Sep » 09
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Obama: Close tax loopholes to juice economy

CNN: WASHINGTON (CNNMoney.com) -- As President Obama pushes a new campaign to juice up the economy, he's starting to fill in the details of how he would pay the estimated $180 billion tab. His plan: Eliminate some corporate tax breaks and subsidies, and close loopholes.

"For years, our tax code has actually given billions of dollars in tax breaks that encourage companies to create jobs and profits in other countries. I want to change that," Obama said in his speech in Cleveland on Wednesday.

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Tags: Barack Obama, President of the United States, Democratic Party, George W. Bush, Tax, Illinois, Taxation, Corporate tax

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