What Every Small business Owner Should Know About Their taxes. My tax Tutor For Small business Owners. -

Reuters - The U.S. economy is in a recession and stimulus from a government tax rebate later this quarter will only temporarily stem a fall in consumer spending, a Merrill Lynch economist said on Wednesday.

Democrats Attack Bush Energy Policy, Oil Industry tax Breaks (Bloomberg)
Bloomberg - May 10 (Bloomberg) — Democratic Senator Debbie Stabenow attacked the Republican Bush administration’s energy policy and tax breaks for the oil industry, urging investment in alternative energy.

Rebate excludes many taxpayers with foreign spouses (AP)
AP - When Maulit Shelat heard about the Bush administration’s plan to pump up the economy by sending out stimulus checks, he sat down with his wife and drew up a list of priorities: first up, remodeling the bathroom.

House panel votes to extend child credit, energy tax breaks (AP)
AP - The House’s tax-writing committee on Thursday approved a multifaceted tax package it said would save people almost $10 billion through expansion of the child tax credit and creation of a new deduction for property taxes.

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