OK, I'm on a real computer now.
At $300 you aren't going to get a good, professional use compressor. Honestly, even the IR that zahc mentioned is an $650 import, albeit a nice one. So for your use, and budget, you are looking at occasional use, homeowner grade stuff, but you still don't want a crappy one.
Pretty much all of the Husky, Kobalt, Dewalt, small IR, Harbor Freight black (Stay away from HF red compressors), and the like are very very similar in parts and build quality, and are all coming in from China.
You will notice that most, if not all, of the sub $300, oiled compressors are going to be direct drive. That is, the motor is directly coupled to the crank of the pump. This is cheaper, and more compact, but it is also a lot louder, and tends to signify a smaller motor. Take HP ratings in this category with a large grain of salt. They smaller, direct drive motors also provide much less air volume at the 90psi that most tools want to work at. Those small pumps are going to run a medium sized and a small cylinder to hit the pressure, through a reed valve that is basically just a feeler gauge laid between the block and the head. They don't last real long, and they are loud as hell, and if you have a really stubborn bolt that you are going at with a 1/2" impact, they can't supply enough air. Just not great.
That HF compressor I posted above is the cheapest one I've found that has a real, cast iron pump, connected by belts to a good, brand name motor. (mine is a Marathon motor). The 29Gal tank is big enough to have a good reserve of power, and the two cylinder pump will actually give you the 6 CFM @90PSI it claims. It's also pretty much the biggest Air Compressor you can plug into 120VAC. (it will need a 20Amp circuit)
You can buy better compressors, but you will need to double the $350 HF wants for that one to do it. You also won't outgrow that one until you start trying to sand, paint, or abrasive blast.
And it's quiet. I have one of the 21Gal direct drives sitting next to mine (I run them in parallel for big jobs) and it's A LOT quieter.