tax credit

How Many Jobs Will Obama-GOP Tax Cut Deal Create?

The tax cut compromise between Obama and the GOP is now being touted as a back-door stimulus plan, one that some economists predict will create or save 3.1 million jobs. Unfortunately, the model on which those forecasts are based makes some flawed assumptions.

Obama Pushes His New Stimulus Plan

President Obama is speaking in Cleveland Wednesday, laying out more details of his plan to get the economic recovery back in gear: $50 billion for infrastructure spending; a $100 billion R&D tax credit; and $200 billion to induce U.S. companies to make capital improvements now rather than later.

Homebuilder Confidence Falls to a 17-Month Low

The U.S. housing sector took another hit this month as homebuilder sentiment unexpectedly fell to 13 in August from 14 in July. The measure has been drifting lower since the federal homebuyers tax credit expired this spring.

Yes, College Without Loans Is Possible

If you pick an affordable school, live within your means and work during college, college without loans, scholarships or tapping into personal savings is within reach.

BP Claims $9.9 Billion Tax Credit on Gulf Cleanup Costs

The tax credit could effectively halve BP's contribution to the $20 billion escrow fund it set up to compensate victims of the spill at the behest of President Barack Obama. The oil giant said Tuesday that the tax credit is related to the $32.2 billion charge it is incurring from the Gulf of Mexico response, MarketWatch reported.

June's Home Sales Jump: Welcome -- but Not Robust

New-home sales leaped in June by 23.6% from May, to a 330,000 annual rate, but that was aided by a downward revision to May's 47-year-low, to a 267,000 annual rate from the previous 300,000. Inventories fell, but there, too, the news is mixed.

Obama Has Plenty of Work to Do on Jobs

With his health care insurance overhaul sidelined for the time being, President Obama has turned his focus to lowering the nation's stubbornly high unemployment rate. For millions of jobless Americans, that shift comes none to soon.

Obama Proposes $33 Billion New Jobs Initiative

The Obama administration on Friday proposed a $5,000 business tax credit for each new net hire this year, capped at $500,000 per company. The benefits, part of a $33 billion package, would be felt most by small businesses. Companies would also get a tax break for raises.

Energy tax credit explained

We're having a real winter this year. As opposed to a few winters past, we've already seen several snows and have had the heater cranked up for...