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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.
On February 8, 2009, a letter to Congress signed by about 200 economists in favor of the stimulus, written by the Center for American Progress Action Fund, said that Obama's plan "proposes important investments that can start to overcome the nation's damaging loss of jobs", and would "put the United States back onto a sustainable long-term ...
According to the Tax Policy Center, the Obama plan provides three times as much tax relief for middle-class families as the McCain plan. [235] Obama's plan includes a temporary "Making Work Pay" program, which gives a tax credit at 6.2% of earned income up to $400 for single workers (making less than $75,000/yr), and an $800 for married couples ...
The United States combined many stimulus measures into the American Recovery and Reinvestment Act of 2009, a $787 billion bill covering a variety of expenditures from rebates on taxes to business investment. $184.9 billion was to be spent in 2009, and $399.4 billion was to be spent in 2010 with the remainder of the bill's appropriations spread ...
President Obama today announced a plan to help thaw the credit markets for small businesses by having the government spend $15 billion on securities backed by loans funding these enterprises.
The federal government today passed a bill designed to spur small-business lending by providing financial incentives to banks that make loans to smaller companies, marking a victory for President ...