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The Economy - Where Is Serious Debate?
13 hours ago ago from Common Sense Lost?
With respect to the economy, I see people using statistics for their political objectives at a time when we can ill afford such nonsense. We should understand what has happened to our economy. It's complicated but needs understanding and action. First, we face competition on a global basis. We lead in innovation, but our labor and environmental protection costs are much higher than are found in most of the world. Others are quickly using ...
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Obama calls for small business tax breaks to boost job growth
6 hours ago ago from DailyFinance
The federal government should give tax breaks to small businesses in order to hasten job creation, President Barack Obama said Tuesday as part of his latest plan to fight stubbornly high unemployment. The president also called for further spending on infrastructure and investments in energy efficiency. Just don't call it a stimulus plan. With unemployment at nearly a three-decade high and expected to remain elevated for at least another ...
Related contentObama's Small Business Conundrum
11 hours ago ago from Forbes.com
WASHINGTON -- Way back in February, small business groups complained that they got short shrift from the economic stimulus bill. Nearly a year later, President Obama now seems to agree. At the Brookings Institution Tuesday, the president made several overtures to small businesses. He wants to expand or extend some of the tax breaks offered in the stimulus bill, including a 100% exclusion from capital gains taxes next year. And the president ...
Related contentObama proposes tax incentive to hire workers
1 hour, 50 minutes ago ago from Good News Now
WASHINGTON -President Barack Obama on Tuesday proposed a tax incentive for small businesses that add workers, even as Congress struggles to figure out how such an idea would work. Lawmakers have been working for several months to develop a tax credit for businesses that hire workers, but they have been unable to figure out how to do it in a way that won't be abused. Neither Obama nor his top advisers offered details Tuesday. They didn't say ...
Related contentFed Chairman Bernanke forecasts a sluggish recovery
18 hours ago ago from Washington Post - Business
The economy is likely to expand moderately in 2010, Federal Reserve Chairman Ben S. Bernanke said Monday, but his guardedly optimistic assessment for growth contained no hints that the central bank is looking to raise interest rates anytime soon. Economic forecasts are subject to great uncertainty, but my guess is that we will continue to see modest economic growth next year, Bernanke told the Economic Club of Washington in a speech. That ...
Related contentTurboTax Offers Free Answers to Taxing Questions
10 hours ago ago from Good News Now
To get an early start on their 2009 tax returns, taxpayers can get a free answer to a personal tax question at www.freetaxquestion.com , through Jan. 31. The answers come courtesy of the tax experts at TurboTax®, the nation’s best-selling, No. 1-rated tax software from Intuit Inc. (Nasdaq:INTU). TurboTax has extended the free program, which typically begins in January, to help taxpayers get the most from year-end deductions and credits, ...
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