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Friday, September 3, 2010

Obama Team Looks at Fine Turning Tax Code to Encourage Job Creation

“With just 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. 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.” (Washington Post)

Signs of political panic.

FEE Timely Classic
“What Ended the Great Depression?” by Burton W. Folsom Jr.