A chief criticism of the $787 billion economic stimulus bill, enacted in February, was that too large a portion went to tax cuts in lieu of spending. Critics,
A chief criticism of the $787 billion economic stimulus bill, enacted in February, was that too large a portion went to tax cuts in lieu of spending. Critics, including some conservative economists, argued that people would simply save that money, rather than spending it to stimulate the economy.
Showing signs that they can learn from history, lawmakers are now eying another tax benefit, but only for businesses that create new jobs. That proposal, still in the nascent stages, is designed to address the runaway unemployment numbers that plague many regions, while having the additional advantage of appealing to members of both parties. Indeed, House Minority Whip Eric Cantor (R-Va.) told The New York Times that there’s “a lot of traction for this kind of idea.”
If the White House will take the lead on this, I’m fairly positive it would be welcomed in a bipartisan fashion.
There’s good reason for Congress to do something. On Friday, the Labor Department reported that the economy shed an additional 263,000 in September, knocking the unemployment rate up to 9.8 percent — the highest level since 1983.
The good news here, if Cantor’s comments are indication, is that Republicans, while poised to exploit the jobless numbers to their advantage in next year’s elections, also wouldn’t stand in the way of every proposal addressing the problem.
Rep. Paul Ryan to deliver SOTU response
Chairman of the House Budget Committee Rep. Paul Ryan (R-Wis.) will deliver the Republican response to the State of the Union Tuesday, according to Mike Allen
Rep. Paulsen allies with medical device industry to relax FDA oversight
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Rep. Paulsen touts balanced budget constitutional amendment
In a post for the conservative blog True North , U.S. Rep
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The conservative congressman from North Carolina, a constant critic of the census -- one of the people who sounded the alarm about politicization when the
Rep. Paulsen, Karl Rove the latest to get ‘glittered’
Rep. Erik Paulsen and former Bush staffer Karl Rove were both showered with glitter at the Midwest Leadership Conference Friday
Rep. Perlmutter to hold constituent meet-up in grocery store
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Rep. Perlmutter criticizes House measure that would eliminate 800K federal jobs
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Rep. Pete Stark Won’t Dignify Constituent by, er, Micturating Upon His Leg
In the tradition of Rep. Barney Frank (D-Mass.), California Democratic Rep. Pete Stark revealed at a recent town hall gathering that there are limits to what
Rep. Peace, ACLU seek investigation of soldier’s allegations of racial discrimination in Afghanistan
Both Rep. Steve Pearce (R-NM) and the American Civil Liberties Union agree: There needs to be an investigation into Spc.
School of Hock
A growing number of college grads are defaulting on their student loans as the economy worsens.