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Thursday, September 02, 2010
White House considers pre-midterm package of business tax breaks to spur hiring
Anne E. Kornblut and Lori Montgomery ―
Washington Post
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.
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