Why No Payroll Tax Cut?

Tax cuts are generally less stimulative than spending measures, but among tax cuts, a holiday or slashing of the payroll tax is one of the best options, the Congressional Budget Office reports. So why did President Obama suggest cutting investment and research and development taxes for businesses, rather than More…

Obama Pushes New Stimulus Package

Speaking at a Labor Day event in Milwaukee, Wis., President Barack Obama unveiled a new stimulus package designed to jump-start the economy before the November elections, as polls show Democrats lagging.

Obama is not pressing for a payroll tax holiday — the most stimulative tax cut, as More…

Will Electric Batteries Re-energize Detroit?

Michigan Gov. Jennifer Granholm hopes so.