Friday, September 3, 2010

White House considers pre-midterm package of business tax breaks to spur hiring

Unless the tax breaks encourage investment over the long-term, anything along the lines of temporary tax holidays are nothing more than window dressing intended to sway voters.

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.

Source: washingtonpost.com

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