Tuesday, October 6, 2009

Uh-oh, the Administration Is Contemplating Further Stimulus

Uh-oh, the Administration Is Contemplating Further Stimulus

by Robert Higgs, Independent Institute

Obama administration economists said they would like the enhanced unemployment-insurance program to extend beyond its Dec. 31 expiration date. They also want to maintain a program that offers tax credits to pay 65% of the cost of health insurance policies under the COBRA program, which allows laid-off workers to purchase the health plans they had through their previous employer.

White House officials said they also are examining whether to extend a soon-to-expire tax credit for first-time homebuyers, but that provision faces a stiffer headwind.

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