White House considers pre-midterm package of business tax breaks to spur hiring

weighing a package of business tax breaks - potentially worth hundreds of billions of dollars - to spur hiring and combat Republican charges that Democratic tax policies hurt small businesses,

a temporary payroll-tax holiday and a permanent extension of the now-expired research-and-development tax credit

Substantively, there is nothing they could do between now and Election Day that would have any measurable effect on the economy. Nothing," said the Brookings Institution's William Galston

The president could roll out additional measures as soon as next week. Senate leaders hope to begin debating the tax issue in late September.

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