"That's where U.S. competitiveness lies in high-technology industries," Laura Tyson, a member of Obama's Economic Recovery Advisory Board"
Now im all for research and development and continuing to develop better products and helping businesses. But what would you do to so call "jump start" the economy? Do we need more tax breaks? With unemployment so high there needs to be something done about our unemployment rate.
3 comments:
ideally we could cut back on all of these government programs, instead of trying to tax all small businesses. Raising taxes and more government run programs will, in the end just be another problem to the us economy.(in my opinion)
The tax credits for research and development should actually help decrease the unemployment rate because companies will have to hire more workers to perform the research and development.
And Obama is actually trying to pass legislation to help stimulate small businesses. He is not trying to raise taxes.
Thanks to the tax credit program that a lot of people are able to have their own home. However, it also created a drop in home values, and possibly more than they should have during the period following the expiration. And that will just add more foreclosures and upside down homeowners in the future which might extend this mess even further out.
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