Blog: February 2009

Don’t pay your taxes? Then you have to pay the price! (Well, except if you are a business)

Here’s a
short excerpt:

A Senate committee is investigating whether multinational
companies abused a tax break in 2004 that gave them an 85% discount on profits
made overseas and brought back to the U.S. The
Senate Permanent Subcommittee on Investigations is circulating a 17-question
survey asking companies to explain whether they used the cash to create U.S.
jobs as promised or whether they bought back stock or increased executive pay
in violation of Treasury Department rules.

An Increase in Labor Union Participation Promising For the Economy

It is precisely this lack of union membership that is preventing our country from rebounding from this economic crisis. Robert B. Reich, former U.S. Secretary of Labor during Bill Clinton’s administration, published an Op-Ed in the Los Angeles Times titled "The union way up" that states his belief that the way out of an economic recession could be relieved by increasing the number and the influential power of labor unions. He states that the ability to negotiate for higher wages increases disposable incomes, which thereby elevates ones’ ability to purchase goods and services. This increased desire to make purchases paves the way for new jobs to be created.

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