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发帖数: 6098 | 1 【 以下文字转载自 Stock 讨论区 】
发信人: ll111 (Stealth), 信区: Stock
标 题: Events for the week of Sept 6-10
发信站: BBS 未名空间站 (Mon Sep 6 22:37:59 2010, 美东)
Monday, Sept. 6
Government offices are closed in observance of Labor Day.
President Barack Obama is in Milwaukee for Labor Day observance.
Congress is on recess until Sept. 13.
Tuesday, Sept. 7
No data scheduled.
Wednesday, Sept. 8
Obama is in Cleveland, where he will give a speech on the economy.
3 p.m.: Consumer credit for July, at the Federal Reserve.
Thursday, Sept. 9
8:30 a.m.: Weekly jobless claims, at the Labor Department.
8:30 a.m.: Trade balance for July, at the Commerce Department.
Friday, Sept. 10
Obama to hold a press conference, at a time to be announced.
10 a.m.: Wholesale inventories for July, at the Commerce Department. | b**t
发帖数: 656 | 2 What Obama May Propose This Week on Jobs, Economy
President Barack Obama will announce a series of proposals this week that he
hopes will jump-start the flagging economic recovery and drive the jobless
rate down.
Congress has balked at even modest new spending initiatives in recent months
and officials say the proposals are likely to be narrowly targeted.
The following is a summary of some tax and spending policies that have been
floated by administration and congressional leaders.
TAX POLICY: INDIVIDUAL TAXES
he Bush-era tax cuts for all individuals expire at year-end unless Congress
extends them.
Obama has stood firm on his pledge to extend the lower tax rates for what he
calls the middle class—individuals making less than $200,000 and couples
earning $250,000 and under.
Obama and fellow Democrats say the wealthy are unlikely to spend the extra
funds while Republicans say such individuals fuel consumption spending,
investment and hiring.
Some Democrats, however, are pushing for an extension of all tax cuts at
least for another year while the economy is still on the mend.
PAYROLL TAX HOLIDAY
A version of this break already exists in the Hiring Incentives to Restore
Employment Act signed into law in March that gives tax credits to business
to hire workers who have been unemployed for eight weeks or longer.
The Obama administration says businesses that qualified for the credits have
hired about 5.6 million workers, but the administration has been unable to
link hiring directly to the incentive.
A new version could give a break on payroll taxes—payments to Social
Security accounts— shared by workers and employers, without the need to
hire new workers and extend the time period to use the credits.
Lawmakers would have to work out the accounting so the Social Security trust
fund doesn't take the financial hit.
BUSINESS TAX BREAKS
The House of Representatives has passed a $31 billion package that renews
for a year corporate tax incentives, including a research and development
tax credit and tax credits for biofuel use, that have expired.
Obama has called for permanent extension of the R&D tax credit -- a popular
idea among both political parties—in his budget.
Administration officials say Obama will ask Congress Wednesday to increase
and permanently extend the research credit at a cost of $100 billion over 10
years.
The so-called tax extenders bill also includes tax breaks for improvements
to retail business and for finance companies earning money abroad.
That Obama-backed measure, which is paid for by trimming international tax
perks enjoyed by some of the same companies, has stalled in the Senate.
INFRASTRUCTURE: NEW SPENDING
Obama will announce a six-year plan to revamp the United States' aging roads
, railways and runways with a $50 billion up-front investment.
The plan includes rebuilding, constructing and maintaining roads and rail
lines; rehabilitating or reconstructing runways, and modernizing the air
traffic control system.
BUILD AMERICA BONDS
Taxable so-called Build America Bonds (BABs), created in the stimulus
program last year, were designed to finance infrastructure projects.
Moves to extend the program beyond December have largely stalled in Congress.
The bonds pay issuers a federal rebate of about 35 percent of interest costs
, and led to $122 billion in bond sales by state and local governments since
their debut in April of last year.
Obama has proposed making the program permanent and setting the subsidy
level at 28 percent, a level the Treasury Department considers revenue
neutral.
A recent government report said more than two-thirds of the $34 billion in
payments to BABS is offset by higher revenues.
INFRASTRUCTURE BANK
Obama has proposed a grant and lending institution that would be an
independent entity within the Transportation Department and would first
focus on highway, bridge and waterway projects.
The administration's five-year projection is to capitalize the bank at $25
billion and Obama has sought up to $7 billion in initial funding from
Congress.
The infrastructure bank is part of the plan proposed by Obama on Monday.
SMALL BUSINESS HELP
Obama again called for passage of a $20-30 billion bill to invest in banks
with assets of less than $10 billion to spur investment in small business.
Republicans have blocked the plan, calling it a waste of taxpayer funds. |
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