On November 4, 2010, NASDAQ.com published Obama Tax Agenda Likely Sidelined By GOP House Take-Over by Martin Vaughan (Dow Jones Newswires):
The Republican takeover of the U.S. House will sideline much of President Barack Obama's tax agenda, including proposals to repeal tax breaks for multinational firms and oil companies. . . .
But the new political landscape does little to dispel the uncertainty that has clouded the future of individual tax rates, the estate tax and popular business tax breaks like the research tax credit.
Republicans are vowing to resist any and all tax increases, casting doubt on whether there is room for agreement on a broader tax-and-spending deal with Obama.