The [Obama-Biden] package will also include more than $100 billion in tax incentives for businesses to create jobs and invest in equipment or factories. -NYT
Hey, while kick-it McConnell keeps calling for "more study", can't we have more study on these accelerated depreciation schedules?
Aggressive accounting techniques just end up sheltering short-term income of the owners and not helping families who need jobs...
The GOP (Arlen Specter included) insisted that small business needed these benefits to 'create jobs', during the last ridiculous compromise over this issue.I'd like to know how many small business jobs have been added since the last round of 'investment tax cuts' were enacted.
I'll bet that these moves didn't create any jobs. Aggressive accounting techniques just end up sheltering short-term income of the owners and not helping families who need jobs, almost abjectly so in a downturn when capacity is not constrained.
If Obama buys the junk for a so-called "payroll tax" cut, you know he and his have drunk the koolaid in Washington. The notion that we should counter cyclical downturns with structural changes in the tax code is ... foolish. A gas-tax rise would undercut any commitment he has to cap-and-trade, a more broad-ranging approach, potentially.
GOP SHORTSIGHTED ON AMERICA
Here a perspective on how shortsighted the GOP is, how much they are willing to sell America short, in pursuit of having ... well, "Republican" "ideas":
the Blue Ridge Parkway one of the most popular units of the National Park System. "America's Favorite Drive" winds its way 469 miles through mountain meadows and past seemingly endless vistas. Split-rail fences, old farmsteads and historic structures complement spectacular views of distant mountains and neighboring valleys.
The Parkway incorporates several recreation areas, some exceeding 6,000 acres. These parks within the Parkway have visitor centers, camp grounds, picnic areas, trails and, in many instances, concessionaire-operated lodges, restaurants, and other facilities.
Building the Parkway through mountainous terrain was a monumental labor. Authorized in the 1930s as a Depression-era public works project, the Parkway was more than a half-century in the making.
The Parkway incorporates several recreation areas, some exceeding 6,000 acres. These parks within the Parkway have visitor centers, camp grounds, picnic areas, trails and, in many instances, concessionaire-operated lodges, restaurants, and other facilities.
Building the Parkway through mountainous terrain was a monumental labor. Authorized in the 1930s as a Depression-era public works project, the Parkway was more than a half-century in the making.
