Evansville for Change

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 [...]

Please join us for President Barack Obama’s State of Union Watch Party next Wednesday night! We will be meeting at The Jungle (on Main Street in Downtown Evansville) at 7 PM to eat dinner and listen to a conference call with Obama for America campaign manager David Plouffe. Then, at 8 PM, the President will [...]

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, [...]

Please join us for our first meeting of 2010, on Tuesday, January 19 at 6:30 PM. We’ll be meeting at Central Library in Browning Room A (Click HERE for a map). January is also the first anniversary of our first meeting! At the meeting, we’ll have reports from all our six committees and task forces. We’ll [...]

By the end of this month, there is a good chance we will have achieved real health insurance reform for so many Americans who desparately need it. I would like to thank Congressman Brad Ellsworth and Senator Evan Bayh for voting for health insurance reform!! However, we still need them to vote for the final [...]