Obama stimulus plan boosts business tax refunds
By STEPHEN OHLEMACHER
Associated Press
January 6, 2009
Page 2 of 2
"It doesn't help autos, who haven't paid taxes previously. It probably doesn't help steel, probably doesn't help airlines," he said. "But the rest of the business community, I think it's safe to say that was at the top of their list."
Sen. Chuck Grassley of Iowa, the top Republican on the Senate Finance Committee, said tax cuts could help boost the economy "if it's done right."
"It's tricky to make sure the relief is big enough to make a dent in our huge economy and done in a way that stimulates growth," Grassley said in a statement. "Business tax incentives should be strong enough to spur investment and create jobs."
House Republican leader John Boehner of Ohio said he is concerned the package could include "wasteful spending." But he is pleased Obama and congressional Democrats "agree with Republicans that tax relief for middle-class families and small businesses has to be a major part of this economic package."
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Associated Press writer Jim Kuhnhenn contributed to this report.
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