WASHINGTON (AP) — President Barack Obama is calling on Congress to increase the amount of investments small businesses can expense next year.

The White House says Obama wants lawmakers to let small businesses write off up to $250,000 in expenses. Officials say the initiative is included in Obama's proposal earlier this week for Congress to end tax cuts for families making more than $250,000 a year.

Republicans says ending the tax cuts would lead to a tax hike on small businesses owners. A spokesman for House Speaker John Boehner says the president's announcement Wednesday would be "no solace" for small businesses facing a tax increase.

Obama also signed executive orders that the White House says accelerate federal payments, reduce paperwork, and make it easier for small businesses to access loans and tax credits.

You would think an election is coming up.

Yep, just keep dispensing the welfare until there is no money left, or a way to get it without the FED counterfieting and inflating it.

Just what the economy needs! Debt and welfare are much more important than getting the gov't out of the way so the "free market" can flourish again!

More regulation, more debt, more taxes, more crony big corporation capitalism..... when will he figure out it's his policies that are destroying the markets and America? Perhaps that's been his plan all along.....sure seems like it!

Navy SEALs removed one Muslim threat to America, hopefully the voters will remove the other come November!