Daily Clips: October 3rd, 2016

Short-term thinking in corporate America is strangling the economy: 

Surveys of chief financial officers reveal that firms frequently forgo profitable investments in order to make short-term earnings targets.

A crippled SCOTUS’ new term: Today, the Supreme Court begins a new term with a vacancy.

Corporate-tax reform is coming: 

Clinton has been specific only when it comes to stopping companies from inverting: She would impose a stiff exit tax — by tapping the earnings companies have stashed overseas — in hopes they’ll decide against taking a foreign address.

Trump’s most recent plan would end many deductions and slash the top corporate rate to 15 percent. He would cut corporations’ tax burden (and government revenue) by almost $2 trillion over a decade, by one estimate.

Ryan would lower the top rate to 20 percent and move the U.S. toward a tax on consumption with something called a destination-based cash-flow tax, developed by Alan Auerbach of the University of California at Berkeley.

Obama calls for paid sick leave: Again.

Tweet of the day:

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Nick Cassella
Nick Cassella graduated from the University of St Andrews in Scotland in 2014. After graduating, he worked on the Initiative 594 campaign before joining Civic Ventures, where he now manages Civic Skunk Works' social media presence.