President Obama reiterated his proposals for cuts in business and individual taxes and called on Republicans and Democrats to work together after the elections.

In his weekly address on Saturday, Obama talked about the tax cut proposals he introduced last month. “We ought to provide continued tax relief for middle class families who have borne the brunt of the recession,” he said. “We ought to allow businesses to defer taxes on the equipment they buy next year. And we ought to make the research and experimentation tax credit bigger and permanent — to spur innovation and foster new products and technologies.”

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