Recovery Act 101
With much debate, the Recovery Act of 2009 was passed by Congress to help pull the U.S. from the grips of a historic recession. There are many provisions in the new law that could help package printers in these difficult times.
Benefits for printers
The Recovery Act has a number of provisions that could have a positive impact on the package-printing community—primarily in the form of opening up credit markets to sustain and grow businesses, and also in the form of tax breaks. A press release issued by The White House, Office of the Press Secretary, on March 16 stated, “The Obama Administration firmly believes that economic recovery will be driven in large part by America’s small businesses, which have generated about 70 percent of net new jobs annually over the past decade.”
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