Washington is readying a bill that would provide substantial tax
credits and accelerated write-offs to small companies, but not all
are supportive of the White House's recent economic moves.
) CEO, Paul Otellini, said to CNN Money on Tuesday that the $787
billion stimulus has done too little to kick-start the economy -
and he suggested that the Obama administration's focus is in the
"We should decide what's important to us going forward and make
sure we've got the education system in place and the capital
incentive system in place to do the investment here," Otellini
His remarks come as the Senate moved a small-business aid bill -
the Small Business Jobs Act of 2010 - past a key procedural hurdle.
The bill, which would let small firms qualify for several tax
credits for which they aren't currently eligible, could reach the
president's desk by next week.
If it passes, it could mark a significant victory for the Obama
administration - and it may help improve businesses' perception of
the White House into the bargain.
By Steve Monfort