
White House Considers Pre-midterm Package of Business Tax Breaks to Spur Hiring
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Missing Money
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White House Considers Pre-midterm Package of Business Tax Breaks to Spur Hiring
By Anne E. Kornblut and Lori Montgomery
With just two months until the November elections, the White House is seriously weighing a package of business tax breaks – potentially worth hundreds of billions of dollars – to spur hiring and combat Republican charges that Democratic tax policies hurt small businesses, according to people with knowledge of the deliberations.
Among the options under consideration are a temporary payroll-tax holiday and a permanent extension of the now-expired research-and-development tax credit, which rewards companies that conduct research into new technologies within the United States.
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