"Geithner to unveil stimulus tax credits in Boston" (Barack Obama, downturn)

[delusianne]

Treasury Secretary Tim Geithner is stopping by Boston [today at 12 ET] to announce the recipients of $1.5 billion in business tax credits designed to create and save jobs in areas hit hard by the economic downturn.

The New Markets Tax Credit program is funded through the federal stimulus package. President Barack Obama has said the stimulus package will save or create about 3.5 million jobs nationally, although critics have questioned how the administration plans to count saved jobs.

The tax credits can be a critical piece of financing for real estate development projects and businesses in economically stressed rural and urban communities.

Geithner to unveil stimulus tax credits in Boston - Forbes.com (http://www.forbes.com/feeds/ap/2009/05/27/ap6469864.html - broken link)

[summers73]

Maybe he can recommend his preferred method of avoiding one's tax obligations as a way to keep some extra cash?

[cobolt]

These won't make any difference once cap and trade gets shoved down business's throats. You thought you saw outsourcing before. Just wait until that happens. Our jobs will go overseas, but at least we'll have clean air to breathe as we're wiping our a$$es with leaves.

[texdav]

Bascially make work project last only a very short period of time and even general government projects have a waste ;fraud and abuse of 10%. Tese are not going to be permanent jobs and many sates are rejecting money that would obligate thejm in oputgoing years because they can't afford to support the mandates.