Steel eyeing Obama budget warily
Apr 11, 2013 | 06:40 PM
| Samuel Frizell
NEW YORK The White Houses recently unveiled budget was met with skepticism by steel interests, who say the plan's proposed infrastructure spending and tax increases are likely to be a mixed bag for the industry.
Two particular measures in President Obamas budget proposalinfrastructure spending and changes in the tax codewould have a direct effect on the steel industry, sources said. Although the budget calls for $50 billion in infrastructure spending, which likely would increase steel demand, there are fears that the White Houses intent to raise $580 billion in taxes could hurt manufacturing. ....
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