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{ Tag Archives } economy

Businesses React To Obama Tax Breaks

In his latest attempt to help the economy, President Obama is proposing a new round of business tax breaks. But it’s not clear whether companies would rush out to take advantage of them. And even if they did, would these breaks really create U.S.

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Obama firm, won’t yield on tax hike for wealthiest (AP)

AP – Politically weakened but refusing to bend, President Barack Obama insisted Wednesday that Bush-era tax cuts be cut off for the wealthiest Americans, joining battle with Republicans — and some fellow Democrats — just two months before bruising midterm elections.

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Obama’s tax break for business: Will it put Americans to work? (The Christian Science Monitor)

The Christian Science Monitor – A new round of tax incentives for US businesses could have some positive impact on the job market, but it’s not likely to ignite massive employment.

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Wall Street opens up with Europe (Reuters)

Reuters – Stocks rose at the open on Wednesday, tracking European stocks up and ahead of Federal Reserve comments on the state of the economy.

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Congress Republicans wary of Obama economy plan (Reuters)

Reuters – Republicans in Congress showed little willingness to help President Barack Obama approve billions of dollars in measures to boost the economy with midterm elections less than two months away.

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Ex-budget chief differs with Obama on U.S. tax cuts (Reuters)

Reuters – Tax cuts should be extended for all Americans to help spur the economy, but even the middle-class cuts should end in two years, former U.S.

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Obama Proposes $50 Billion For Infrastructure

Labor Day is the traditional campaign kick off, and President Obama traveled to Milwaukee, Wisc., to mark the moment Monday.

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Why Aren’t Employers Hiring?

The unemployment rate rose to 9.6 percent last month, with big political implications ahead of November elections.

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Obama To Offer Plan To Spur Job Growth

As summer comes to an end this weekend, “Recovery Summer” too sputters to an end. The Obama administration’s hopes that the spring’s jobs growth would continue were not realized. On Friday, the president said he’d be proposing new plans to give the economy a bit more juice

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Union Or Not, Government Workers Being Squeezed

Unions representing state and local government employees have long been able to protect benefits that are the envy of private-sector workers. With the economy in trouble, though, public employee unions are suddenly losing a lot of battles

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