Stimulus Extension Under Serious Discussion In The White House

Preferring to call it extension of the current stimulus legislation, rather than a new stimulus proposal, senior Obama administration adviser David Axlerod said yeaterday that the White House is exploring a number of job saving and creating measures for Congressional action next year. Among the ideas being kicked around the Oval Office are a $3,000 tax credit for new hires, expansion of five year tax loss carry backs, extension of the $8,000 first time home buyer tax credit, and a $100 billion extension of unemployment benefits along with the 65% COBRA subsidy for the unemployed to continue health insurance coverage.