It would most benefit companies making investments in capital goods, such as the technology, transportation, energy, or communication services. This is the proposal most Republicans are rallying around. The GOP generally favors promoting investment, and in an investment-led recession, this idea will have many adherents. Greenspan and Rubin both endorsed this approach, and a number of Democrats will, too. Many Republicans do not want to create more tax credits.
Repeal is a high priority for the business community.
The most widely discussed idea is some kind of refundable tax credit for the working poor. News Archive Access our 'Tax News' from previous months organized by date.