Monday, August 30, 2010
Obama: GOP should let small business bill through
Today it was released that Obama "exhorted Congress on Monday to make passage of a long-languishing small business aid package its first order of business when it returns next month from its summer break." Obama plans on extending Bush's tax cuts for households making under $250,000 a year, upping the nation's investment in clean energy, rebuilding more roads and highways and tax cuts designed to keep jobs in the United States. Also, Obama plans to "...target measures designed to spur the economy and create an environment conducive to hiring." Do you think this will help the economy any more than the last package Obama put into place? Being that the package won't be as major as last years stimulus package do you think the package will have much leverage on the economy and job market?
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I think the small-business aid package would help the economy more than doing nothing, though probably not as much as last year's stimulus package. Small business have not been able to recover as quickly as big businesses, and are at the point where they are either being forced to continue laying off employees or prevented from hiring new ones in order to cut costs to stay in business. Any aid the federal government can provide to small businesses would help the job market.
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