CHESTERFIELD, N.J. – A school bus carrying elementary school children collided Thursday with a dump truck, killing a student who is the daughter of a state trooper, authorities said.CLEVELAND – President Obama insisted Wednesday that Bush-era tax cuts be cut off for the wealthiest Americans.
Obama delivered a searing attack on Republicans for advocating “the same philosophy that led to this mess in the first place: cut more taxes for millionaires and cut more rules for corporations.”
Obama rolled out new plans to help spur job growth and invigorate the sluggish national economic recovery. They would expand and permanently extend a research and development tax credit that lapsed in 2009, allow businesses to write off 100 percent of their investments in equipment and plants through 2011 and pump $50 billion into highway, rail, airport and other infrastructure projects.
None of Wednesday’s proposals, nor Obama’s call for allowing tax rates to rise for the wealthiest Americans, seems likely to be acted on by Congress before the midterm elections.
Some influential Democrats have suggested a compromise might be necessary – one to temporarily extend all the tax cuts, perhaps for a year or two – given the current election-year animosity between the two parties.
