RTRS-UPDATE 1-Obama seeks major tax cuts in stimulus plan

WASHINGTON, Jan 4 (Reuters) - U.S. President-elect Barack Obama, seeking to drum up support from both political parties, plans to propose up to $310 billion in tax cuts for businesses and the middle class as part of his massive economic stimulus package, senior Democratic aides said on Sunday.
Obama intends to discuss his proposal during private meetings on Monday with Democratic and Republican leaders of the Senate and House of Representatives, the aides said.