The Trump administration proposal — to switch to a territorial system — would mean many large international corporations paying a lot less in taxes to the United States government.
In a recent Bloomberg article Representative Mike Kelly (R-PA) was quoted saying that he and his colleagues “need to hear from people who are in that business” to get a clearer picture of how to tax carried interest.
Will the voters stubbornly cling to their champion, who will undoubted tweet a litany of excuses and fictitious obstacles, others to blame?
Trading on inside information should be illegal. In a post-Martha Stewart world, talk about insider trading has fallen by the wayside. We hear from time to time that the government is prosecuting people for insider trading, but not much more beyond that.
I have a question for my old friends in the coal-mining towns of northeastern Pennsylvania.
Last Friday President Trump signed an executive order that laid the groundwork for repealing Dodd-Frank, the financial regulation legislation put in place in the aftermath of the 2008 financial crisis intended to keep an economic disaster of such magnitude from happening ever again.
We have a place of agreement to start from – let’s ensure everyone has access to the health care they need and deserve as part of our great American family.
During the 2016 presidential election Donald Trump repeatedly emphasized the impact of U.S. trade policy on unemployment. The effectiveness of this message to the workers of America was quite revealing.
Real hope, like fear, creates its own future. As a nation, we get to choose which kind of future we want.
There have been many regrettable moments in the 2016 Presidential Election. At a time when we could be having a national conversation about how to create a sustainable and broadly shared prosperity for ourselves and future generations, we seem instead to be subjected to something closer to a reality TV show.
Our polarized campaigns often tell voters the story of winners and losers. So what happens when large chunks of voters “lost” in the primary? Are these groups going to “lose” in the main election?
Congress is never constrained by the amount of taxes received. So when we raise federal taxes on those with high incomes it should be either to help maintain a strong currency or because doing so serves some benefit to the economy or society.
Full employment requires the right balance of federal spending and taxation, both of which are in the domain of Congress.
In June, the CFPB released new payday lending restrictions. Chair Morris Pearl formally submitted his comments and suggestions.
I signed up, not to wear a new title – which is frankly a bit embarrassing for someone like me – but to add my voice to the vital movement of rescuing our democracy from the grip of money and bad economics.
We’ve forgotten that money doesn’t grow on rich people. We make our own money via the institution of government and it’s time we remembered how to use it properly.
We are asking that our politicians to stop pandering to millionaires, and focus on what will help our economy grow. Raising minimum wages, lowering taxes on wage earners, and ending tax favoritism for unearned income is a good place to start.
The Patriotic Millionaires believe that raising and indexing the federal minimum wage to $15 an hour is a step towards a stronger economy for all.
Exclusionary policies that disproportionately affect minorities, women, or people of the LGBTQ community, only further detract from the American economic potential.
It was in the 1980s that public and private institutions began separate but complementary assaults on the American social contract. Tragically, America has let the decline go on…and on.