New York Times article by Alexandra Zendrian Senator John Kerry (D- Mass.) this week proposed a Senate economic stimulus package that would target tax incentives for small businesses, reduce fees on loans and double funding for microloans. The proposed bill will increase the amount small businesses can write off on their taxes for new investments for 2008 from $125,000 to $200,000. The bill will also increase the net operating carry back period for losses arising in taxable years ending in 2007 and 2008 from two to five years. The bill will also provide more funding to leverage nearly $20 million in microloans. To read the rest of this article, please click here.