Abolish the Corporate Income Tax

Abolish the Corporate Income Tax!

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Sen. Carl Levin was aghast. Before his committee sat, unapologetic and uncontrite, Apple CEO Tim Cook, whose company had paid no U.S. corporate income taxes on the $74 billion it had earned abroad in recent years. “Apple has sought the Holy Grail of tax avoidance,” said Levin. “Apple has exploited …

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American Jobs

Who Killed the Middle Class?

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“It is our generation’s task, then, to reignite the true engine of America’s economic growth — a rising, thriving middle class.” So said Barack Obama in his State of the Union. And for one of his ideas to reignite that engine, Republicans applauded. “And tonight, I am announcing that we …

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Union Workers

The Fall of the House of Labor

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In 1958, Senate Minority Leader William Knowland, his eye on the 1960 GOP nomination coveted by fellow Californian Richard Nixon, went home and declared for governor. Knowland’s plan: Ride to victory on the back of Proposition 18, the initiative to make right-to-work the law in the Golden Land. Prop. 18 …

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Now Korea Is Cleaning Our Clock

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“The entry into force of the U.S.-Korea trade agreement on March 15, 2012, means countless new opportunities for U.S. exporters to sell more made-in-America goods, services and agricultural products to Korean customers — and to support more good jobs here at home.” Thus did the Office of the U.S. Trade …

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Land of the Setting Sun

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Sunday was the first anniversary of the 9.0 earthquake off the east coast of Japan that produced the 45-foot-high tidal wave that hit Fukushima Prefecture. Twenty thousand perished. Hundreds of thousands were driven from their homes when a nuclear plant swept by the tsunami exploded, spewing radiation for miles. Only …

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Whose Country Is It, Anyway?

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For the third straight year, the median income of the typical American family fell in 2010. Adjusted for inflation, it is back where it was in 1996, the longest period of zero growth since the Depression. And the poverty rate has inched up to 15.1 percent. Both figures, however, should …

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What “Big Deals” Did to America

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Thanks to Tea Party fanatics, we are told, America just lost an historic opportunity to deal with her national debt. Because of Tea Party intransigence and threats against their own leader John Boehner, the speaker had to reject Obama’s “grand bargain,” the “big deal” of $3 trillion in budget cuts …

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Manufacturing’s Dismal Decade

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Last year, Barack Obama committed his administration to doubling U.S. exports in half a decade. The good news: He is on the way. U.S. exports of goods and services grew in 2010 by 16.6 percent. Bad news: U.S. imports, starting from a higher base, surged by 19.7 percent. Result: The …

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