Cunningham pitches tax breaks to grow economy
NEWS & OBSERVER
Democratic U.S. Senate candidate Cal Cunningham is calling for tax breaks for small businesses as a way to help stimulate the economy.
Cunningham, a lawyer and former state senator from Lexington, proposes tax credits for businesses that hire new workers, the temporary elimination of capital gains taxes on small businesses and the creation of a new bonus manufacturing tax credit to reward companies that research and manufacture their products in this country, Rob Christensen reports.
"The private sector is the engine that drives our economy," Cunningham said in a statement. "To be sustainable, jobs must be grown from the bottom-up — from the small businesses on Main Street, North Carolina — and from the entrepreneurs who bring new ideas to the market."
He also called for extending the home buyers' tax credits through 2010.
This is the second part of Cunningham's economic plan that he has released. Details are featured on his Web site.
Cunningham is one three candidates seeking the Democratic Senate nomination in May for the the right to face Republican Sen. Richard Burr.
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