Evansville for Change

Independent Voters will decide who to vote for in the November 2010 election mainly based on their view of the US economy, where it is now and where they expect it is headed. At first glance, that might seem like an easy choice. Unemployment and Underemployment Rates are sky high and so is the US [...]

When I study the backgrounds of Dan Coats and Brad Ellsworth, who are running for the US Senate from the State of Indiana, one issue clearly trumps all others. Why in the world would any fair-minded independent voter vote for someone who previously served in the US Senate for 18 years, and then subsequently worked [...]

By exhaustively studying the financial performance in the 2000s Decade of the 30 Dow Industrial companies, the link below presents the case for Big US Multinational Corps, in all fairness, to now step up and help fund desperately-needed, bold US private sector job creation in the near term and a robust US Government Debt Reduction [...]

The US is now in crisis with three monumental problems….the Gulf Oil Spill, Joblessness and the Federal Deficit. My suggestion here is for the country to use the disastrous Gulf Oil Spill as an opportunity to spark a country-wide private sector job creating, fiscally sound economic recovery. My proposal here is to provide very bold, [...]

Here’s a summary of the total percentage profit improvement from the last two Clinton/Gore Presidential years (1999 and 2000) to the last two Bush/Cheney Presidential years (2007 and 2008) of the following groups of large corporations: 16 Largest, most profitable non-energy Dow Industrial companies……+66% 4 Huge Big Oil companies……………………………………………………….+289% 20 Other Big Oil companies……………………………………………………..+733% 13 [...]

Everyone’s very familiar with how BP, Transocean and Halliburton have all acted so irresponsibly in the recent disastrous oil spill in the Gulf of Mexico. But I’m not sure that everyone is as familiar with many of the financial specifics of just what was going on with Big Oil during the Bush/Cheney years (2001-2008).

April job additions of 290,000 was indeed very good news. On the very positive side, 80,000 jobs were added in Professional and Business Services, with only 26,000 of these being in the Temporary Help Services. The Leisure and Hospitality sectors added 45,000 jobs. The Manufacturing jobs added were 44,000. Jobs added in health care were [...]

The link below presents a US job creation proposal that would make Research Tax Credits more lucrative to all US businesses for the next three years, and perhaps even permanently. This proposal is particularly beneficial to small businesses. Job Creation Proposal for Enhanced Three-Year Research Tax Credits

While everyone has to be extremely pleased with the Obama Administration-driven upward explosion of the US stock market in the past 13 months, a problem I continue to have with the US Congress, and frankly with President Obama’s economic team as well, is that they continue to spend an inordinate amount of time on things [...]

Here’s the case for using wise, measured tax incentives to stimulate Backshoring, a necessary step to bring down the very high US unemployment and underemployment rates. And it’s a win for everyone…a huge US deficit reduction, multinational corps increase their profits, and the US severely depleted middle class is revived. Sound too good to be [...]

I think President Obama’s Health Care Plan is very well designed and by far the pinnacle point of his Presidency. Everyone will quibble with certain parts of it, but I really liked every one of the many changes that he made. I would have liked to see the hospitals pony up more money, but after [...]

Hey Hoosiers, what about something like this? First, this year: ***Evan Bayh as the country’s next Treasury Secretary ***Jonathan Weinzapfel as the next US Senator from Indiana, but hey, Brad Ellsworth would also be a great choice for this spot. With Ellsworth’s intense focus on both the US deficit and on job creation, he is [...]

Here is my proposal for how total foreign earnings repatriation tax tranches should be applied for foreign earnings repatriated by a US multinational corp in 2010: …..First, to the Jobs Tax Credit, with a Dividend Received Deduction somewhere in the 0% to 40% range (Economy Juice #6) …..Second, to the Manufacturing Tax Credit, with a [...]

Just like my Economy Juice #6 on Jobs Tax Credit Funded by Foreign Earnings Repatriation, this proposal also puts in some fair and measured tax incentives to make this foreign earnings repatriation much more economically attractive to US multinational corps. And its focus is on stimulating US capital expenditures of these US multinational corps early [...]

Presently, US multinational corps have more than $1.1 trillion of unremitted foreign earnings of their foreign subsidiaries, mostly earned in International Tax Havens like Ireland, Puerto Rico, Singapore, the Netherlands, China, and many more low-taxed places. Further, these aggregate unremitted foreign earnings increased by 16.4% in the most recent year, in a year marred in [...]

The US housing crash has been devastating. I think the related government financial rescue plans for this extremely complex issue have not been very effective and also very costly, particularly the housing tax credit programs, which are nothing but temporary, very expensive, piecemeal band aids. This proposal addresses financial relief for the housing crises broadly [...]

Under GAAP, public companies are required to disclose in their footnotes included in their annual reports, their best estimate of what they owe in total to all taxing authorities for all of their open tax audit years. The bulk of these amounts disclosed relate to the amounts owed to the US Federal Government. Also included [...]

Let me try shooting the works on new job creation in 2010. Desperate economic times demand bold, quick action. To get 2010 job creation much higher than 4 million, I think it will be necessary to substantially step up the amount of the manufacturing tax credits earned by smaller businesses, where it should be targeted, [...]

This initiative could either be included as part of the new Health Care legislation or as part of the funding for the new Jobs Stimulus legislation. I think one problem with the new Health Care legislation is that some very key parts of it don’t kick in for four years. “The Triple Double” here deals [...]

My estimate of a fair CBO score on the combination of Economy Juices #1, 2, and 3 came out so well (i.e. Total Federal Tax Receipts roughly triple the Total Cost of the Manufacturing Tax Credits), that I was curious to see how I think a fair CBO scoring would come out if I really [...]