Those with the fortitude to peruse this hefty volume will notice that among the industrialized nations in the PwC report, the United States has the highest corporate tax rate on earth.
Economy & Budget
The recent government shutdown showed the enormity of the economic repercussions that can result– especially for small businesses—when Congress puts politics before its responsibility to govern.
The Senate's recent action to eliminate filibusters for most presidential nominees, which effectively lowers the number of votes required for the confirmation of most presidential appointees, clears the way for Rep. Mel Watt (D-N.C.) to be approved as the director of the Federal Housing Finance Agency. It also opens the door for the immediate reform of the U.S. housing finance system.
It is no secret that the Social Security Disability Insurance (SSDI) program is broken. The real question is how broken is it?
Despite what many in the media have said, tax reform is not dead; it is still very much on Congress’ agenda. The time frame in which it can be accomplished remains uncertain; however, there is one tax change they should agree on and move forward with immediately.
Washington is increasingly viewed as a place where good ideas, including investing in infrastructure, go to die. Our hope is that our federal elected officials will take note of the good work that can occur when local governments partner with the private sector.
You can't begrudge American entrepreneurs for tuning out Washington, D.C. Their elected leaders are not addressing the real, daily concerns affecting their businesses.
The needless government shutdown and the almost-catastrophic default showdown should have taught our elected leaders in Washington some lessons. Among these is that what’s good for the goose isn’t always good for the gander: a handful of anti-government, Tea Party wing Republicans may have scored personal political points in their home districts, but did so at the expense of hundreds of thousands of furloughed federal workers and, very nearly, the full faith and credit of the U.S. government.
Washington lawmakers appear to be in a league of their own – and not for the right reasons. Furloughs, pay freezes, shutdowns and sequesters have become the new normal of how Congress and the White House operate while American taxpayers continue to lose faith in our leaders’ ability reach a reasonable consensus on key issues.
Foreign direct investment has always been an important part of the U.S. economy but recently these investments have slowed. This is one more sign of the precarious nature of our economic recovery.