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...Obama believes limiting the credit means that more of the benefit will go to smaller businesses. Administration officials said the Obama plan would cost $33 billion. The hiring rebate was one of a number of tax cuts the President proposed in his State of the Union address earlier in the week. In that speech, Obama predicted the tax credit would be tapped by more than "1 million small businesses who hire new workers or raise wages." (See the best business deals...
...their business. It's a whole other matter to be met with cold stares when you are the President of the United States, talking in prime time before a joint session of Congress, when your party controls both chambers by historic margins. (Read "Obama's State of the Union Address: Five Ways to Judge Its Success...
...President Obama spoke the first 676 words of his State of the Union address on Wednesday night before the first hand clap. His tone was so somber, and the room's mood so grave, that no one moved when Obama said, "We must answer history's call." There were no ovations when he called for "Democrats and Republicans to work through our differences, to overcome the numbing weight of our problems." He got no love for saying, "The worst of the storm has passed." (See "Judging Obama's First Year, Issue by Issue...
...Although it was his first official State of the Union address, it was the third time that Obama had addressed a joint session of Congress in prime time. The first, in February 2009, was an introduction, a statement of goals and principles. The second, in September, was a defensive play, an attempt to reclaim the high ground on health care, which had begun to slip away. This third time was a declaration of his having survived his first serious setback and of his determination to keep trying...
...State of the Union Address in 3 Minutes...