Economics
Republicans Balk at Obama Business Tax Breaks They’ve Backed
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In a letter to President Barack Obama seven months ago, 10 Republican senators led by Utah’s Orrin Hatch urged him to use tax relief to bolster the U.S. economy and create jobs.
Top on their list: extend and improve a research and development tax credit for businesses. “We urge you to help us enact a strong research incentive to keep us first in the world,” the senators wrote.