US Has Its Work Cut Out in Revamping Tax Code
If you spent 6.1 billion hours doing something, you would think you would have created something most ingenious. Ironically, that’s how much time American taxpayers spent this year fumbling through stacks of confusing IRS forms. Americans spend about $300 billion a year in tax-preparation costs traversing a mind-bursting 3.4 million word tax code. The net effect of this archaic tax system is not only its compliance cost, but it ultimately punishes... Read More
US Has Its Work Cut Out in Revamping Tax Code
If you spent 6.1 billion hours doing something, you would think you would have created something most ingenious. Ironically, that’s how much time American taxpayers spent this year fumbling through stacks of confusing IRS forms. Americans spend about $300 billion a year in tax-preparation costs traversing a mind-bursting 3.4 million word tax code. The net effect of this archaic tax system is not only its compliance cost, but it ultimately punishes... Read More
The Defender of American Entrepreneurialism
The most powerful words in the English language are included in the Declaration of Independence. “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights that among these are Life, Liberty and the pursuit of Happiness.” These words clearly define, launch and chart the very foundation of American entrepreneurialism. Our cherished principles of equality, economic... Read More
The Defender of American Entrepreneurialism
The most powerful words in the English language are included in the Declaration of Independence. “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights that among these are Life, Liberty and the pursuit of Happiness.” These words clearly define, launch and chart the very foundation of American entrepreneurialism. Our cherished principles of equality, economic... Read More
The Wrong Debate on Immigration
The immigration debate needs some independent thinking, so it was refreshing when New York City Mayor Michael Bloomberg recently visited the U.S. Chamber of Commerce with some recommendations for a new approach to immigration reform. His comments resonated with the very pro-business, pro-growth audience. He advocated that the U.S. should ease visa restrictions on highly skilled workers, business representatives and graduate students. As an entrepreneur... Read More
The Wrong Debate on Immigration
The immigration debate needs some independent thinking, so it was refreshing when New York City Mayor Michael Bloomberg recently visited the U.S. Chamber of Commerce with some recommendations for a new approach to immigration reform. His comments resonated with the very pro-business, pro-growth audience. He advocated that the U.S. should ease visa restrictions on highly skilled workers, business representatives and graduate students. As an entrepreneur... Read More
Bringing It All Back Home: Made in the USA
What do American companies producing ATM machines, auto parts, camping equipment, musical instruments and mattresses have in common? They are bringing their production back to the United States after relocating to Asia. And this is only a smattering of products that have traversed the long and winding road of global trade and are finally back home where they should be. American manufacturers are increasingly stunned by the new math of off-shoring.... Read More
The Land of the Free, Not Freeloaders
Many people are comparing the Occupy Wall Street movement to the Arab Spring uprisings and even the French Revolution. There’s a big difference. America is a Democratic Republic — no such government existed in France at the time or in the Arab countries where enraged mobs took the place of civil order. In this country, we make our voices heard through voting, not rioting. If the government isn’t working for you, elect a new government. That’s... Read More
Obama Cronyism Destroys Job Creation
To paraphrase an old adage, “You can take Obama out of Chicago, but you can’t take Chicago out of Obama.” As President Barack Obama plied the streets of his Southside Chicago neighborhood rounding up votes for the “Chicago Machine,” he became a quick study of the “Chicago Way” of unbridled cronyism. This is perhaps the most important period of his “hands-on business” education. There’s a Chicago saying that goes: “Nobody wants... Read More
Obama’s Energy Program Lacks Any Real Spark
In a speech delivered earlier this year at Georgetown University, President Barack Obama proclaimed the United States would adopt a clean-energy standard that requires 80 percent of electricity be generated from clean sources by 2035. His administration defines “clean energy” as nuclear, natural gas and clean coal, as well as renewable sources such as wind and solar. Since the solar panel manufacturer Solyndra has put solar energy in the... Read More
