Obama fights anti-business assertions

interns Contributor
Font Size:

President Obama will travel to New Jersey on Wednesday as part of an effort to refute Republican assertions that he is anti-business.

The campaign comes fewer than 100 days before midterm elections, which are expected to be dominated by economy concerns.

Republicans and business groups led by the U.S. Chamber of Commerce have driven home the message that the Obama administration is curtailing private-sector growth. They point to tax increases proposed by the White House as well as an uncertain regulatory environment brought about by massive reforms to the healthcare sector and Wall Street.

Businesses are said to be sitting on $2 trillion in income but are not hiring, partly because of the administration’s policies, according to Republicans.

Full Story