Fred Hochberg, chairman and president of the Export-Import Bank, would like you to think that his organization provides assistance to a broad range of American companies for the good of our nation’s economy. In reality, the Export-Import Bank directly finances foreign companies at the expense of domestic U.S. industries. It is an organization that harms the United States’ ability to compete in foreign markets and | Read More »
This week, one year ago, Japan slashed its corporate tax rate, leaving the United States with the highest effective rate among our competitors: 39.2 percent. With a struggling economy and sluggish job growth, Americans can no longer afford to be apathetic about our global competitiveness. In a 2012 editorial, Joseph Mason – Moyse/LBA Chair of Banking at LSU’s Ourso School of Business and a senior | Read More »
The Internet’s proliferation has dramatically transformed the way we work, communicate and even shop. In fact, by the end of 2013, online shopping will consume 9 percent of total U.S. retail sales, generating $250 billion in industry revenue. Some of this growth is attributable to as much as a 10 percent market advantage the federal government has given e-commerce over its brick-and-mortar counterparts. This is | Read More »
With more words dedicated to comprehensive tax reform than the highly-publicized (and politicized) immigration debate during the President’s State of the Union address last night, the President has put a sense of momentum behind the issue – kind of. After all, he’s called for some degree of corporate and individual tax reform in his previous State of the Union’s. Unfortunately, however, other than a few | Read More »
When it comes to growing our economy and making Washington, D.C., interfere less in our lives and the lives of entrepreneurs and business leaders, the obvious first step is reforming our tax code. Senator Rob Portman wrote an op-ed on this very topic this morning and hits the nail on the head: There is a broad and growing consensus that our tax system is plagued | Read More »
Matt Damon’s anti-fracking flick “Promised Land” hits box offices today – just one day after a New York state Health Department report was leaked, which demonstrates that hydraulic fracturing (better known as “fracking”) can be done safely. Fracking has long faced opposition from environmentalists and Hollywood; however, as energy experts began drilling for facts, a growing body of research has emerged that shows when proper | Read More »
In the Vice President’s own words, the middle class has been “buried” during the last four years. With an unemployment rate over 8 percent and millions of Americans who have simply given up on looking for employment, America’s unrelenting economic recession has forced families and small businesses to make difficult financial sacrifices. Union workers have largely been left unscathed, however – even if that meant | Read More »
One doesn’t have to listen closely to hear the growing chorus of radical environmentalists calling for stiffer and stiffer job-killing regulations on greenhouse gas emissions. More and more each year, new green policy initiatives are crafted world-wide. But all too often, these policies do more harm than good, usually by implementing destructive rules and creating new taxes, ultimately hampering economic growth. The European Union Emissions | Read More »
In an ad released this week, Massachusetts Senate candidate Elizabeth Warren explains, “Our kids owe a trillion dollars in student loan debt. That’s more than all the credit card debt in America combined. Our kids are crushed by debt – and they didn’t go on a shopping spree; they got an education.” She’s right. America’s students are drowning in debt. The Project on Student Debt | Read More »
While Obama’s creative rhetoric promised economic recovery and job creation, the President has neglected the Jobs Council, wasted $1 trillion on a failed stimulus, awarded foreign countries job-creating military contracts and “invested” in renewable energy that created jobs overseas. The results? This morning, the U.S. Department of Labor announced just 163,000 jobs were created in the U.S. this July, pushing the unemployment rate to 8.3 | Read More »
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