Election-Year Jobs Debate Neglects Public Policy Needs

By: Friday April 6, 2012 11:35 am

Sadly, the Presidential election will tempt all sides to spin monthly jobs numbers rather than give a realistic portrayal of them. So today you have the Obama campaign straining to read more into the figures on the good side, and the Romney campaign straining to read more on the bad. Only Mark Zandi is pressing [...]

Apple Holding $60 Billion in Offshore Reserves for Ransom

By: Tuesday March 20, 2012 8:55 am

Apple announced a roughly $10 billion annual dividend and a share buy-back program, designed to make use of their hundreds of billions in cash reserves. They estimate it will cost about $45 billion over the next three years. It was a fairly conservative decision by the computer maker, which would still see their reserves grow [...]

Democrats Get Explicit on Republican Economic Sabotage Theory

By: Wednesday October 12, 2011 11:41 am

The perfectly logical idea that Republicans are resisting any effort to aid the economy because they would rather things be worse in November 2012 so they can help themselves to winning the elections has been around Democratic circles for a while. Some Democrats used this line of attack in 2010 to criticize Republican obstruction when [...]

The Big Split: White House Searches for Some Portion of Jobs Bill to Salvage

By: Tuesday October 11, 2011 1:57 pm

Bloomberg and the Washington Post’s poll on the economy shows that 2/3 of all Americans support higher taxes on the wealthy, including 53% of Republicans. Job creation measures have consistently been the public’s top priority in opinion surveys for the past three years. And yet we’re on the precipice of seeing a bill that includes [...]

American Jobs Act to Be Filibustered Later Today

By: Tuesday October 11, 2011 7:30 am

Later today, Senate Republicans will filibuster the American Jobs Act, the $447 billion bill to add demand into the economy through infrastructure spending, payroll tax cuts, extended unemployment insurance and a variety of other programs, paid for by a 5.6% surtax on millionaires. Republicans are likely to be unanimous in their opposition, while Democrats will [...]

Corporations Ask for Tax Amnesty While Hiding Information on Outsourcing

By: Monday August 22, 2011 9:30 am

Corporations want lower taxes on their operations. So do most people, I imagine. The difference is that corporations have the access and influence to make those lower taxes a reality. The major check on corporate power comes from the pressure they get from the people who buy their products. If data on how many jobs [...]

Obama Jobs Council Chair Immelt: Give Corporations a Big Tax Break to Create Jobs!

By: Tuesday July 12, 2011 9:35 am

You may remember that the President said yesterday that getting the deficit “off the table” (as if that is ever a possibility) will allow the Administration to renew their focus on job creation, which voters agree is the most important issue facing the country. The President is more circumspect when addressing what “focusing on job [...]

Bill Clinton the Corporate Front Man Makes the Rounds in the Business Press

By: Friday July 1, 2011 1:07 pm

Bill Clinton often tailors his message to his audience. At Netroots Nation, he tells the crowd that they are the greatest force for social change in a generation. Behind a curtain with Paul Ryan, he pines for a grand bargain on the deficit. And if he’s being interviewed for business networks like CNBC and Bloomberg, [...]

PIMCO’s Bill Gross: Stimulus Now

By: Tuesday June 21, 2011 10:13 am

We’ve had such a failure of elites in this country that it takes PIMCO founder Bill Gross – one of the living embodiments of the bond market – to tell Congress and the White House to stop fearing the bond markets already and start giving the economy the stimulus it needs. “Solutions from policymakers on [...]

Repatriation Tax Holiday for Businesses Didn’t Work Last Time to Create Jobs

By: Monday June 20, 2011 12:24 pm

It’s a bit of genius that the New York Times delivers their story about businesses pushing for a repatriation tax holiday under the series headline “But Nobody Pays That.” Because that four-word title refutes just about everything in the article from the business perspective. Businesses talk about the high nominal corporate tax rate. “But Nobody [...]

Corporations Pushing for Tax Break Pay Little in Taxes

By: Friday March 25, 2011 9:20 am

You may not have heard about “Win America,” because you’re not the target audience. This is a coalition of multinational corporations who want the federal government to enact another tax holiday for overseas corporate profits. This would allow these corporations to bring back money they illegally stashed in tax shelters overseas at a fraction of [...]

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