China’s Real Intentions Toward America

Posted by Neal Asbury on July 29, 2014 · Leave a Comment 

These days, America competing with China is like an American runner competing against a Chinese runner, except that the American runner has to carry an anvil. It may be against the rules, but there’s little anyone can do about it. The Chinese have the advantage. But let’s not delude ourselves about China’s aims. China want to surpass the United States as the world’s leading economy. And they want to replace the dollar with the yuan as the world’s... Read More

Filed under Articles, Economy, Free Trade, Policies · Tagged with American companies, American consumers, American manufacturers, China, counterfeiting, currency, Cyber security, Organization for Economic Co-Operation and Development, piracy, preferred currency, U.S. dollar, U.S.-China Strategic & Economic Dialogue, world currency, yuan

Corporate Tax Rate Driving American Companies Overseas

Posted by Neal Asbury on June 23, 2014 · Leave a Comment 

Time was when the United States was No. 1 in numerous economic categories. Unfortunately, we have traded our swagger in indicators that make us stronger for a tax code that makes us weaker: American companies face the highest statutory corporate income tax rate in the world — 39.1 percent. According to the Tax Foundation, this overall rate of 39.1 percent is a combination of the 35 percent federal rate plus the average rate levied by U.S. states. This puts the United States... Read More

Filed under Articles, Economy, Employment, Policies, Politics · Tagged with American companies, corporate tax, Democrats, economic, Obama Administration, Organization for Economic Cooperation and Development, Tax Foundation, trading partners, U.S. corporations