Live Breaking News & Updates on Deathbed conversion
Stay updated with breaking news from Deathbed conversion. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
But already republicans are dubbing it too little, too late. we always like to see a deathbed conversion, but the fact is if we d have done this kind of thing nearly a couple of years ago, we d be in a lot better shape. look, they re just flailing around. reporter: the administration confirms the president will call for a permanent extension and expansion of the research tax credit, which allows businesses to write off development costs. mr. obama may also endorse a payroll tax holiday for new hires. having now admitted that the economic recovery has stalled. jobs are being created, they re just not being created as fast as they need to. reporter: with no appetite for another large stimulus, the white house is calling this plan a targeted initiative. what you hope is if you can throw enough small things at the economy, shoot enough small bullets, that you ll do enough to actually be able to win this war against what is a very fragile recovery. rke a difference with less tha ....
Class after years of union decline. he says a good job, good wages, secure retirement, healthcare benefits are union ideas but the unions lost much of their clout over the last two generations. their share of the workforce used to be three times as large. shannon? shannon: wendell goler at the white house. the president s next move to help the ailing economy involves the issues of tax cuts but exactly which taxes to cut and how to pay for the cut is a major bone of contention. chief washington correspondent jim angle explains. president obama s desperately searching for anything that would help the economy and reduce the possibility of deep democratic losses in november. which is why senator cane characterizes the latest ideas this way. we like to see the deathbed conversion. if we had done this thing a couple of years ago we would be in better shape. ....
A deathbed conversion. there have been a series of tax cuts for businesses but in looking at the pace of the recovery, thank goodness we re not shrinking, we re growing. the president will announced additional steps to get us growing again. the politics will take care of themselves on this. the issue is we have economy that was shrinking and now growing. what can we do to accelerate the pace of growth? chris: you say it s not deathbed conversion but it takes place less than two months before the election. it feels like this is more about the election than the economy. here is why i argue with that. you call it a deathbed conversion. chris: i didn t. somebody would. chris: senator mccain did. if the president had not been doing targeted tax credit to help small business from the first day he was in office, so there have been eight tax cuts already going to small business. the hiring act was the recent one last spring. folks on the team charted, g.d.p. shrinking, losing 750,0 ....
Let s target the tax credits where they will do the most good, and where they will have the most likelihood of increasing economic activity. i saw senator mccain on before me saying that was a bad idea. this is exactly what senator mccain supported in 2003-2004. remember, he voted against the bush tax cuts and he said he wanted to target them toward middle class and small businesses and he said he felt like the tax credit were too heavily weighted to upper end, wealthy. chris: if we play history, mccain did say just now that he feels it s a deathbed conversion. the fact is the republicans were calling for more tax cuts in the first stimulus, including a payroll tax holiday. the democratic majority refused. isn t this too little, too late before the election to try to help democrats? chris, i wouldn t see it that way. as you know, in the recovery act when passed, a third of it was tax cuts. it was tax cuts to working americans making less than $250,000. and now there have been eight ....
In november with mid-term election. with the economy in the slump and the unemployment rate at 9.6%, president obama travels to the midwest this week to talk about the economy. president obama will lay out the plan in more detail and aides say he will propose extension of popular tax credit, a break for business research in the u.s. also under consideration by obama, white house aides say extension of hiring incentives and a payroll tax holiday. we add reaction to the latest proposal on both parties on fox news sunday. my reaction is we always like to see a deathbed conversion, but the fact is if we had done this kind of thing a couple of years ago we would be in better shape. it s not a deathbed conversion. looking at the pace of the ....