The House is scheduled to vote this week on a small-business tax cut bill offered up by Republicans. It's just the latest piece of legislation to focus on small businesses, which are widely praised in the political discourse as engines of job creation. The adoration is nearly universal — and it reflects something beyond economic reality.
"Small businesses create 2 out of every 3 jobs in this economy, so our recovery depends on them," President Obama said in 2012 at a New Jersey sandwich shop where he met with small-business owners.
Originally published on Wed April 18, 2012 6:52 am
STEVE INSKEEP, HOST:
The actor Alec Baldwin is in Washington, speaking in favor of the National Endowment for the Arts. The government-funded arts organization long ago supported the Sundance Film Festival and the Vietnam Veterans Memorial. In more recent years, the NEA has supported writers, arts education for kids, and everything from jazz musicians to urban design. It has also faced political controversy; most notably in the 1990s, when its funding was slashed.
Originally published on Wed April 18, 2012 5:48 pm
LYNN NEARY, HOST:
President Obama's so-called Buffett rule has slammed into a wall of GOP opposition. On the eve of tax day, Senate Republicans voted yesterday to block a measure that would have made mega-investor Warren Buffett and billionaires and millionaires like him pay at least a 30 percent tax rate. Although Buffett endorses such a rule, Senate Republicans call it an election year gimmick. Their Democratic counterparts insist it's all about fairness. NPR's David Welna has our story.