Saturday, February 14, 2009

Less Than Stimulating

When President Obama warned Republicans last week not to "come to the table with the same tired arguments and worn ideas that helped to create this crisis," one idea he may have had in mind is a second American Jobs Creation Act. The GOP proposal was rejected in the Senate last week, but lives on in conservative rhetoric.

The first AJCA, enacted under President Bush in 2004, allowed corporations with offshore profits to repatriate them at a steep tax discount – virtually a tax holiday. Like many conservative tax giveaways, the AJCA was supposed to create jobs and boost the economy. There were doubters.

Read more at Campaign for America's Future ...

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