[freeringsf]

LA Times:
http://www.latimes.com/news/nationwo...7.story?page=2

President Obama this week will call for tax incentives that would allow businesses to write off 100% of new capital investment through 2011 — moves that the White House says could save businesses $200 billion over two years.

...

The proposal amounts to an acceleration of business tax cuts over two years, the White House said. Most of the money would be recouped by the U.S. Treasury over time as the economy strengthens, so the total cost to taxpayers over 10 years would be $30 billion, according to the Obama administration.

Several million people and 1.5 million businesses stand to benefit from the proposal, the White House said.

...

The president accused House Minority Leader John A. Boehner of belittling government jobs and derided the Ohio Republican as the "the man with the plan to be speaker." Referring to government workers, Obama said, "These are the people who teach our children. These are the people who keep our streets safe. These are the people who put their lives on the line for our own… I don't know about you, but I think those jobs are worth saving."

...

Private economists have estimated that the recovery act overall boosted employment by more than 3 million jobs. And analysts say there's little question that government spending on infrastructure can give a shot in the arm to the economy, generating a hefty amount of jobs for an industry that desperately needs them.

Construction employment is down nearly 2 million from late 2007, accounting for about a quarter of the nation's job losses over the recession.

Ken Simonson, chief economist at Associated General Contractors, a trade group, said Monday that $50 billion in government transportation spending could yield 1 million jobs or more — half in construction and related manufacturing and services, such as architectural and engineering, and the other half in supporting businesses.

[gunhijala]

It's going to be fun watching Boehner and the rest of the Party of No try to argue against this.

[Cerilopasei]

They already have. Calling it a do-over of the stimulus package they opposed (that non-partisan analysts credit with creating or saving 3 million jobs) and saying that it's just "more of the same" from the Obama White House.

Frankly, more of 3 million jobs created or saved sounds like a path worth following.

[beenBinybelia]

Do they really think they can oppose tax cuts for business and maintain any shred of credibility?

The more worrisome question is is this: are there enough people in this country who are gullible enough to think they're not being completely inconsistent by fighting this?

[rbVmVlQ2]

The Republicans aren't going to let the President get anything passed from now until after the mid-terms. They'll spin everything that comes out of the White House in a negative light. After they've won seats in Congress, they'll rework this bill, call it the "Republican Tax Cut Whatever" and pass it, then pat themselves on the back. Watch and see.

[enrisaabsotte]

Do they really think they can oppose tax cuts for business and maintain any shred of credibility?

The more worrisome question is is this: are there enough people in this country who are gullible enough to think they're not being completely inconsistent by fighting this?

The talking point on this seems to be that this is all fine and good for the business, but letting the Bush tax cuts for the wealthy expire will make business owners spend more conservatively, therefore unless the wealthy business owner can keep his tax break, he'll make sure the business doesn't grow.