President Obama has proposed new tax breaks for businesses and $50 billion in new infrastructure projects. Companies would be able to take deductions up front for capital investments, and money spent on plants and equipment through 2011. The measures are part of the President’s plan to boost the economy while letting the Bush tax cuts expire. Do we need another round of stimulus spending? What’s the best way to jumpstart the economy?
Christian Weller, senior fellow with the Center for American Progress and professor of public policy at the University of Massachusetts in Boston
Alan Viard, resident scholar at the American Enterprise Institute