Business Groups Attack Stimulus Plan

Business Groups Attack Stimulus Plan - http://www.nytimes.com Avatar Posted by jnelson under News
From http://www.nytimes.com 4202 days ago
Made Hot by: on January 21, 2008 6:57 pm
A White House plan to boost the nation's sagging economy will do little to help small businesses over the long haul, critics say. The proposed plan, which includes up to $145 billion in temporary tax cuts, is aimed at encouraging business owners to "expand their operations, create new jobs and inject new energy into our economy," President Bush said Friday.

Yet small-business advocates and policy watchdog groups say they doubt employers will react favorably to temporary tax cuts.

Instead, they say, businesses and investors would be better served by permanent tax cuts, including reductions in capital gains, dividend tax rates and small-business expensing, among other measures.

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