Businesses Lobby For Their Cut Of Stimulus Pie

02/25/2009 05:12 am ET | Updated May 25, 2011
  • JONATHAN WEISMAN, GREG HITT and BRODY MULLINS wsj.com

WASHINGTON -- Business groups are ramping up lobbying efforts to expand tax credits and incentives in President Barack Obama's $825 billion economic-stimulus bill slated for key Senate action this week.
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The home-building industry wants to broaden and extend a $7,500 tax credit currently available for new-home buyers. The construction industry is working to head off strengthened requirements to buy American-made products, which it sees as unnecessary red tape. Small businesses want to extend a set of one-year tax incentives for investing in new equipment.

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