NEWS & EVENTS: Breaking News
26.01.2009 10:07
Jan 26. The Senate Finance Committee has unveiled a USD 455 bn stimulus bill, including USD 275 bn in tax benefits for households and businesses. The economic stimulus package released Friday will provide tax benefits for USD 30 bn to renewable energy producers or USD 10 bn more than the amount approved by the Congressional Budget Office. Furthermore, the plan proposed by the finance committee will make most profits for small businesses tax deductible. “This country is in a world of economic hurt, and Congress has to act boldly now to stabilize the situation” - said Senate Finance Committee Chairman Max Baucus. “Along with the right mix of tax cuts and investments the American Recovery and Reinvestment Act (worked out by the team of newly sworn in US President Barack Obama) will create jobs in the green energy, road construction, health care sectors and provide other opportunities for American people to get back on their feet again” – he added.
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