Saturday, October 27, 2001

An Economic Stimulus Bill With Corporations in Mind Late last winter, when President Bush was shaping his $1.35 trillion tax cut, corporate lobbyists were told to wait, their turn would come. And now, their turn is here. Just 30 percent of the proposed tax relief would go to individuals, with the rest helping corporations, including large, prosperous ones like I.B.M. (news/quote) and General Electric (news/quote), which have done well even in the economic downturn. And though one of the bill's costliest provisions is intended to produce a rebound in capital spending by businesses, such a recovery is far from certain. http://www.nytimes.com/2001/10/27/business/27HAND.html?todaysheadlines&pagewanted=all