Look for this to be the bait to Republicans on his $50 billion stimulus union campaign fund bill.

By JONATHAN WEISMAN And JOHN D. MCKINNON at WSJ

EXCERPTS:

‘President Barack Obama, in one of his most dramatic gestures to business, will propose that companies be allowed to more quickly write off 100% of their new investment in plants and equipment through 2011.’

‘”The White House is missing the big picture. These aren’t necessarily bad proposals, but they don’t address the two big problems that are hurting our economy—excessive government spending, and the uncertainty that Washington Democrats’ policies, especially their massive tax hike, are creating for small businesses,” said House Minority Leader John A. Boehner (R, Ohio).’

FULL STORY

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