(RTTNews) – Too many tax cuts in the economic stimulus package could backfire, economists warned the congressional panel in charge of overseeing the $700 billion in government funds designated to ease the effects of the financial crisis and repair the economy.
(RTTNews) – Too many tax cuts in the economic stimulus package could backfire, economists warned the congressional panel in charge of overseeing the $700 billion in government funds designated to ease the effects of the financial crisis and repair the economy.
A debate persists over the most effective form of stimulus and what role tax cuts should play.
Sep 23: With praise and support from both Democrats and Republicans, at about 6 PM on Tuesday, the Senate unanimously (93-2, 5 not voting) passed the so-called “tax extenders” package that includes extensions for key renewable energy technologies like wind, solar and biomass. Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Chuck Grassley (R-IA) announced the bipartisan agreement that also included an update of the alternative minimum tax rules and continued tax cuts for c
