Government, Politics and the Economy
Small Business: The White House is Deaf to Our Needs
President Obama's decision to cut off aid to small business lender CIT Group is just the latest in a string of decisions that demonstrate Obama's indifference to small business. WSJ.com
Shlaes: Look to Reagan for a Way Out of the Recession
Bloomberg columnist Amity Shlaes suggests that with the similarity between the current recession and the economic woes of the early 1980s, the solution to those woes, lower taxes and higher interest rates, is worth looking at today. Bloomberg.com
Management and Operations
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Government, Politics and the Economy
Senate Considers Medicare Tax on Capital Gains to Fund Health Plan
According to insiders, the Senate Finance Committee is considering whether to apply Medicare taxes to capital gains and other non-wage income to help pay for healthcare reform. Bloomberg.com
Management and Operations
The Equity Factor
People try to keep a balance between what they contribute to a relationship and what they get back from it. When they feel little or no return on that investment, engagement slips dramatically. The employer-employee relationship is no different, and that ca... [Read Full Article]
Some of the states in the union are getting pretty desperate—or pretty greedy. Like California, which is now finally facing the consequences of its self-imposed high-tax-welfare-state way of doing business, a number of states are seeking to maintain their profligate ways by looking for new taxes to shore-up their sagging revenues in the face of the recession. A quick look at US history will show what a bad policy this is, but the lessons of the past seem lost on this generation of politician. They seem far less concerned with the impact their new taxes will have on the people of their state than on getting their hands on the money. Case in point: North Carolina. According to the Greensboro News & Record:
As part of the effort to bridge that gap, House members broadened the number of items to which state sales tax would apply and have to be collected by retailers. The tax on the category “digital click-throughs” under which the Amazon agreements fall would raise $13.2 m... [Read Full Article]