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
