White House considers pre-midterm package of business tax breaks to spur hiring |
| Washington Post - Sep 2, 2010 |
With less than two months until the November elections, the White House is seriously weighing a package of business tax breaks - potentially worth hundreds of billions of dollars - to spur hiring and combat Republican charges that Democratic tax policies hurt small businesses, according to people with knowledge of the deliberations.
Key players shaping economic policy during the Obama administration
Among the options under consideration are a temporary payroll tax holiday and a permanent extension of the now-expired research and development tax credit, which rewards companies that conduct research into new technologies within the United States.
Administration officials have struggled to develop new economic policies and an effective message to blunt expected Republican gains in Congress and defuse complaints from Democrats that President Obama is fumbling the issue most important to voters. After weeks of vacation and foreign policy, White House advisers have arranged a series of economic events for Obama next week, including two trips to swing states and a press conference.
Read Full Article from Washington Post
- Posted: 2010-09-02 21:23:34
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