Op-Ed
What if the U.S. could create up to 5 million jobs, increase our nation's gross domestic product by up to $720 billion and provide a shot in the arm to American manufacturing — all at no cost to taxpayers? It's a plan that would unite Democrats and Republicans and garner support in the House and Senate.
In fact, it has.
Over the past decade, currency manipulation by foreign governments has resulted in an increase in unfairly traded imports into the United States and has made it more difficult for U.S. exporters to compete in foreign markets. The practice has cost U.S.
President Barack Obama called on Congress last week to close tax loopholes that allow some corporations to avoid paying their fair share of taxes at the expense of hardworking Americans.
Congress must act now to close a loophole that could allow corporate tax dodgers to walk away with $34 billion over the next 10 years.
The U.S. economy has experienced a major bounce back since the Great Recession. It has rebounded from the loss of 7 million jobs in a single year beginning in 2008 and an unemployment rate that soared to 10 percent in 2009.
House Republicans are bringing up a double whammy on Thursday – ending health care from their employer or altogether for millions of Americans and hugely increasing the deficit by nearly $46 billion over 10 years. The legislation they've proposed would amend the employer responsibility provisions of the Affordable Care Act to redefine full-time work from 30 hours a week to 40 hours.
The Affordable Care Act was created to improve the quality and affordability of health care for all Americans. Indeed, many people who didn't have — and couldn't afford — health insurance before the law have it now.
Imagine if you started using a friend's address in Canada to avoid paying U.S. taxes. You kept your house in Warren, sent your kids to Jefferson Elementary, used the Warren Public Library and relied on the police to keep you safe. But instead of paying taxes here like your neighbors you sent a lesser amount to Canada.
Each year, more than 1,500 children across the country die as a result of abuse and neglect. This month, the U.S. Commission to Eliminate Child Abuse and Neglect Fatalities met in Detroit as part of a multi-state fact-finding mission to develop a national strategy for reducing these tragedies.
This week on the topic of poverty, Congressman Ryan spoke. A day later he and his Republican colleagues voted.
What's clear is that action speaks louder than words. And at every turn over the last three years, the actions House Republicans have taken have prioritized cuts to programs for low-and middle-income families.
It is neither unusual nor surprising that companies seek to lower their taxes. But in recent years, a growing number of big corporations have taken that effort to the extreme by reincorporating overseas in order to reduce or entirely avoid paying their fair share of U.S. taxes.