Obama's Tax-Break Plan Is Seen as No Quick Cure

By: Associated Press
By: Associated Press

Washington, D.C. (AP) - Economists are saying President Barack Obama's proposed tax breaks for businesses won't be a quick fix for the
economy, with one saying they "won't be a game-changer."
Even if the breaks were enacted soon, analysts say the benefit
they might provide probably won't emerge until next year at the
earliest.
Some say that until businesses feel more confident about their
sales and the durability of the recovery, they won't be expanding
operations or adding to their payrolls.
The White House says Obama will unveil the plan tomorrow. At its
heart: accelerating write-offs of investments in plants and
equipment and expanding a tax credit for research and development.
The president has also proposed an additional $50 billion in
government spending to bolster roads, railways and runways.


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