“Anything that has tax increases in it is not a stimulus” — Dorothy Coleman, vice president of tax and domestic economic policy at the National Association of Manufacturers.
Dorothy’s comments are included in a The Hill survey of the business-related trade associations on upcoming economic stimulus plans. Her other observations:
Coleman argues that extending the R&D tax credit — and also expanding it — would give the economy a big lift. Though the credit is among many tax provisions that Congress has routinely renewed, she expressed concern that the stimulus package could be “the last train leaving the station” this year due to the distraction of the November elections.
Coleman predicted that the business community would unite around a course of action. “People are talking among themselves about things. I don’t think we’re there yet,” she said.
One phrase that’s starting to be repeated: “First, do no harm.”
UPDATE (2:30 p.m.): Representative Randy Kuhl (R-NY) takes note of the quote at his blog.
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