Word: economice
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"It sounds good because it's for small businesses and job creation," says economist Dean Baker of the liberal-leaning Center for Economic and Policy Research. "But basically, you are paying companies to hire workers that would have been hired even if you hadn't handed out tax breaks."
Even so, Bishop says, the plan makes sense. According to estimates from the Economic Policy Institute, which Bishop worked with to produce his own job-creation tax-credit program, a 15% tax break for new hires, which is more generous than what Obama is proposing, would lead companies to add...
There was one part of the speech, however, that no green could fault: Obama's call for the creation of a high-speed rail system as a way to generate green jobs, enhance economic productivity and reduce carbon emissions. On Thursday, Jan. 28, the White House announced the awarding of...
Today you can travel the 250 miles from Paris to Lyon on the high-speed TGV in two hours. Covering a similar distance from Philadelphia to Boston takes some five hours, and that's on an Amtrak Acela train, the closest thing the U.S. has to high-speed rail. "Every...
Demographically, Florida is an ideal state in which to launch the rail projects. Together, the metro areas of Tampa and Orlando are a major economic unit, home to more than 3.4 million people and close enough on the map to make high-speed rail competitive with air and auto travel...