Tag Archives: tax reform

Critical Silver Lining to US Debt Crisis

By Admin | Published: August 1, 2011

By now, most have heard of the agreement between Congress and the White House over raising the debt ceiling. Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell have backed the plan on the Senate floor. Senate Republicans are to meet at 10AM ET and Senate Democrats are to meet at 11AM ET to get the details of plan. Afterwards, the US Senate is scheduled to begin debate today on the plan to start an expedited legislative process.

Sunday night, Speaker of the US House John Boehner (R.-Ohio) provided the House GOP caucus a power point presentation … …READ MORE

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Outlook for Corporate Tax Reform and Repat Act

By Admin | Published: May 19, 2011

Outlook for Corporate Tax Reform

With slow job growth, anemic economic growth at 1.8%, and a looming debt crisis, the United States is searching for answers. One of the solutions offered is individual and corporate tax reform. In his State of the Union address, President Obama stated he was in favor of cutting the corporate tax rate to spur job growth. There is broad political agreement that something needs to get done, but narrow support for changing major components of the tax code.

Given this, what are the prospects for tax reform? The debate breaks down along party lines and … …READ MORE

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Obama to miss his “Reagan” moment

By Admin | Published: January 13, 2011

Friday, US Treasury Secretary Timothy Geithner is scheduled to meet with corporate CFOs to discuss changing the current tax structure that is inefficient at best and job killing at worst. This meeting is specifically going to address the corporate tax structure and comes after President Obama’s fiscal reform commission recommended cutting the rate from 35% to 25%. The 35% rate is the highest amongst the major G20 nations.

Unfortunately, it may be just a dog and pony show. According to the Hill, Valerie Jarrett, a senior White House adviser, acknowledged Wednesday that a push to overhaul the nation’s tax codes … …READ MORE

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Obama Approval Rating At New Lows….

By Admin | Published: September 1, 2009

Rasmussen daily tracking polls show that President Obama’s presidential approval ratings hit -11. The peak was at +30 on the 2nd day he took office and has been declining ever since.  As the NYT David Brooks writes, “All presidents fall from their honeymoon highs, but in the history of polling, no newly elected American president has fallen this far this fast.”

This further perils his ability to get a health care bill passed in the fall and certainly means his fixation on public option will be in jeopardy. If he can’t compromise on the public option, he runs the risk … …READ MORE

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