October 10, 2008: McCain, Obama offer dueling ideas to save economy (AP)

  • Obama, who was campaigning in Chillicothe, Ohio, said he favors a temporary extension in an expiring tax break to let small businesses write off the cost of many new investments immediately, rather than over several years. He said he was making the proposal “because it’s time to protect the jobs we have and to create the jobs of tomorrow by unlocking the drive, and ingenuity, and innovation of the American people.”