Perhaps showing concern about the softening economic forecasts of recent months, President Obama has provided a to-do list for Congress that would, in his words, “create jobs and help restore middle class security.” The to-do list includes several ideas from the American Jobs Act and subsequent legislation proposals announced in recent months, but there’s a curious omission.
|By: David Dayen Tuesday May 8, 2012 12:00 pm|
|By: David Dayen Tuesday June 7, 2011 2:58 pm|
President Barack Obama gave a small hint today about what, if anything, he plans to do about unacceptably high unemployment and slow economic growth over the next year
|By: David Dayen Tuesday September 14, 2010 8:01 am|
Around 11am et, the Senate will begin a complicated series of votes on the small business bill. What’s their deal? They actually have to do with some reporting requirements passed in the Affordable Care Act. As a pay-for in the bill, the ACA mandated 1099 reporting for all businesses on certain transactions over $600. The idea here is that companies routinely don’t report such purchases, and summarily don’t pay taxes on them. So basically, the amendment from Johanns eliminates this requirement, and allows businesses to freely evade taxes again. The Nelson amendment would exempt small businesses with less than 25 workers from the requirement, and raise the threshold on transactions to $5,000.
|By: David Dayen Wednesday September 8, 2010 6:00 pm|
On a series of conference calls with reporters and bloggers, Jason Furman, Deputy Assistant to the President for Economic Policy, defended the series of tax breaks and infrastructure investments that make up the White House’s new jobs package as both a short-term way to boost the economy and draw contrast with a Republican platform stuck in the past, and a long-term way to create better modes for business investment in the future. But he still left nagging questions about the relative benefits of a policy which even some Democrats are way of, and which economists have found dubious in recent days.
|By: David Dayen Wednesday September 8, 2010 11:49 am|
When faced with the choice between Republican and Republican-lite, voters usually take the real thing. It’s the same with big business; they’ll go with the traditional party of big business, where they get to write the legislation completely, over the party that gives them a peek at the legislation and solicits their input and tailors it to their whims.
|By: David Dayen Wednesday September 8, 2010 8:30 am|
It’s an election year, and on this issue, President Obama has decided to make a stand. While other elements of this recovery makeover are more puzzling, on this one he’s merely following the promises made in the Presidential campaign — although we haven’t seen the words “veto” and “threat” yet.
|By: David Dayen Tuesday September 7, 2010 3:20 pm|
Today’s announcement of a $200 billion dollar program to allow businesses to write off their capital expenditures up front in 2010 and 2011 at full cost (which would only cost $30 billion in the long run) hasn’t received the widest reception from the economic profession.
|By: David Dayen Tuesday September 7, 2010 7:02 am|
Yesterday’s announcement by President Obama of $50 billion dollars in front-loaded infrastructure spending is a smart idea that moves things in the right direction in the short- and long-term, and instead of going back to the tax cut well, focuses on targeted spending for job creation.