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: All Net Operating Losses in 1995: $49.331 billion.NOL taken by @realDonaldTrump in 1995: $916 million. Trump was 1.9% of the US total. — Alan Cole (@AlanMCole) October 3, 2016