By Frank Knapp, Jr. The Hill’s Congress BlogSeptember 21, 2011  President Obama’s call for cutting the deficit by $3 trillion includes the roll back of the Bush-era tax cuts on the top income tax brackets, a move expected to bring in about $800 billion over the next 10 years. As expected the defenders of …
In my blog on Monday, I made the following observation about the job tax credits within the President’s proposed American Jobs Act. Tax credits are taken when tax returns are prepared, not at the time of hiring. If a business doesn’t have the capital to do the initial hiring, the tax credit months later won’t …
This evening President Obama submits his American Jobs Act to Congress. According to a story in The Hill most economists from Moody’s Analytics to the Economic Policy Institute think that the plan, if passed, would add about 2 percent to the GDP growth next year. The big concern Wall Street is voicing is that the …
In yesterday’s blog I talked about some of Dr. Douglas Woodward’s keynote address at this weekend’s South Carolina NAACP African American Economic Summit. I discussed his latest research on the important role of small business our state and the prospects for the nation’s economy. Dr. Woodward also made it clear that job creation is what …
Almost 7 years ago, The South Carolina Small Business Chamber made an economic development proposal to a S.C. House Rural Caucus. Extend the job tax credits available to big businesses that add 10 new jobs to small businesses that create just one new job. Our argument was very simple. A job is a job. Ten …
