The U.S. Is Number One On April 1, Japan cedes the highest corporate tax rate to America. April 1 is a date that every politician and business executive in America should circle on the calendar. That's when Japan cuts its corporate tax rate to 36.8% from 39.5%. The United States will then hold the title of highest corporate tax rate, with average combined federal and… Read more

In preparation for tomorrow’s expected vote on H.R. 4105, the National Association of Manufacturers (NAM) issued the following statement expressing strong support for defending American companies against Chinese subsidized exports.  The legislation, which affects a wide range of industries employing workers in 80 companies spanning 38 states, has the support of job-creating… Read more

The U.S. Commerce Department would be allowed to apply duties to offset government subsidies in nations such as China  and Vietnam under bipartisan House legislation to be introduced today, congressional aides said. The measure marks a response to a Dec. 19 decision by a U.S. appeals court in Washington that said existing law doesn’t authorize the agency to set tariffs on goods… Read more

Today, an article from The Washington Post highlights that despite the recent drop in the unemployment rate, Americans without a high school education continue to be at an extreme disadvantage when it comes to reemployment.  The article notes, “The news is worse for high school dropouts. One in five of them have lost their jobs since 2007, with about half of those losses occurring… Read more

 "Businesses create jobs if the business is doing well and customers are walking in the door, not because the federal government provides a tax credit."   … Read more

Yesterday, White House Council of Economic Advisors Chairman Alan Krueger delivered a speech echoing the same divisive “us against them” rhetoric President Obama hit on during a December 2011 speech in Osawatomie, Kansas.  However, in a recent essay, Scott Winship of the Brookings Institute challenges Krueger and Obama’s claim that it is more difficult today for a child born into a… Read more

Nancy Pelosi famously said that paying more unemployment benefits “creates jobs faster than almost any other initiative you can name.”  But as a recent Washington Post article highlights, the fine print behind such claims is about to come due, and many employers “may be shocked” by the tax hikes on jobs they are about to experience.   Employers – prepare for these tax… Read more

Three House Republican lawmakers are asking the IRS to explain how nonprofit seniors group AARP is able to shield hundreds of millions of dollars from tax levies even though, they say, the group is effectively in “day-to-day control” of products offered by private firms with the AARP stamp of approval. Rep. David Reichert, R-Wash., said companies that use AARP’s brand to sell… Read more

Associated Builders and Contractors (ABC), writing on behalf of construction-related firms with nearly 2 million employees:  “[T]he proposed two month stop-gap measure merely serves to delay the inevitable tough decisions, compounding the climate of uncertainty that continues to impact small businesses...Instead of passing the buck for another two months, the House and Senate must… Read more

The House today will vote on H.R. 3630, The Middle Class Tax Relief & Job Creation Act.  The legislation extends a number of provisions scheduled to expire at the end of the year and includes fully paid-for extensions of the payroll tax holiday and a reformed unemployment insurance program, along with a two-year freeze on cuts to doctors providing care to our nation’s seniors and… Read more