Tag: tax credit

Jan 28 2010

Jump start that Engine, Help Small Business to Hire

Obama: Small Business Key for Recovery

Kent Bernhard, Jr. — Jan 27, 2010

The president proposed eliminating all capital-gains taxes on small-business investment, creating tax incentives for small businesses to hire new workers and raise the wages of those they already employ, and steering $30 billion in money from the Wall Street bailout to community banks to lend to small businesses.

“Now, the true engine of job creation in this country will always be America’s businesses. But government can create the conditions necessary for businesses to expand and hire more workers,” Obama said. “We should start where most new jobs do–in small businesses, companies that begin when an entrepreneur takes a chance on a dream, or a worker decides its time she became her own boss.”

http://www.portfolio.com/busin…

OK, how will Small Business, get the help they need, to put Americans back on the Road to Recovery?

Oct 30 2009

The GDP of Stimulus

  Now that the Great Recession has been declared dead and gone by everyone who failed to see the possibility of it happening in the first place, it is important to examine the reasons for its demise.

 The White House has been busy declaring that its Stimulus policies have created or saved 640,000 jobs. We should note that the White House originally claimed credit for 1 million jobs, and only revised them down after realizing that they are spending $234,000 for each job saved. More revisions are sure to come.

  It’s also important to note that the job number is based on mathematical calculations and is impossible to prove.

  One thing that can’t be denied is that the stimulus did have an effect on the economy. It’s this impact that needs to be examined further.