Trade associations successfully pressed for tax incentives to help stabilize business operations, restore confidence amid broad financial turmoil. A monumental behind-the-scenes lobbying effort by trade associations led to large tax credits for business and industry in the $700 billion stabilization package, even as questions swirl as to whether the bill or other measures will steady the American economy and banking system. Financial markets continue to careen days after President George W. Bush signed the economic measure. The Treasury Department and the Federal Reserve have also taken drastic steps to stabilize the financial markets, including the emergency rate cut Oct.… Read More