Today the Obama administration released its proposal for reforming the nation’s corporate tax structure. The crux of the plan involves lowering the corporate tax to 28 percent and eliminating loopholes. This is expected to increase the amount of revenue generated from corporate taxes overall. While this plan may be beneficial for the nation’s finances, the bigger question should be whether it is the best way to raise revenue and ensure competitiveness.
Category Archives: Featured
Outsourcing Computer Technology
As the U.S continues to outsource its jobs and move production offshore, manufacturing is not the only industry that’s being damaged. University of California professor Norm Matloff warns that outsourcing and H-1B visas, which bring foreign workers into U.S. firms, are destroying the U.S. software engineering profession. Computer science departments have been stymied, because they are heavily dependent on research and faculty funds from the very firms whose outsourcing practices are destroying the occupation in America.
Romney’s Focus Trumps Santorum’s
Whether you plan to vote for a Republican or not, you probably agree that the economy is the most important issue in the 2012 presidential election. Unemployment remains staggeringly high; jobs are leaving the country on a daily basis. The economy was the focus of every candidate’s campaign for much of primary season, but Rick Santorum’s surge in popularity changed that. Suddenly the country is talking about family values when it should be talking about creating jobs.
The Truth About the American Condition
The United States may still be a military superpower, but it is no longer a country that controls its own fate. Shockingly, much of the American public is deluded about this fact. Americans are deceived into believing that they benefit economically from outsourcing, offshoring production and an unprecedented trade deficit. Free trade proponents emphasize the lower prices of imported products to negate the lost incomes and careers destroyed by cheap, foreign labor.
U.S. Supreme Court Blocks Montana Campaign Finance Ruling
Late last week, the Supreme Court blocked a groundbreaking decision by the Montana Supreme Court that would have curbed the influence of corporate money in that state’s elections. While this still allows corporations to throw huge sums of money at candidates, it also creates the possibility that the Supreme Court will have to reexamine its decision in Citizens United.
