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By David Brodwin
Posted on: February 6, 2017
Recently, Congress took action to unwind a broad range of regulations enacted in the waning days the Obama administration. The so-called Midnight Rules Relief Act lets Congress stop, with a single vote, all the executive branch actions that were enacted in the last 60 days of an outgoing administration. Under prior law, Congress would have to consider each regulation individually on its merits.Many cheered, thinking that gutting regulations will inevitably boost corporate profits and create jobs (as if profit-boosting and job-creating go hand-in-hand, but that's another story). Stock prices... read more
By David Brodwin
Posted on: January 30, 2017
President-elect Donald Trump tells us that he'll bring his vast business leadership experience to the White House. He promises to use the same techniques that make a business great to make America great. As he takes the oath of office, let's look more closely at what great business leaders do, and consider how these same techniques would let the U.S. thrive in global competition.Attract and retain top talent. Great business leaders know the importance of talent, and they position their companies to attract the most skilled and motivated people. For the U.S. as a nation, that means that we... read more
By David Brodwin
Posted on: January 23, 2017
President-elect Donald Trump has proposed a "tax holiday" – a sharp cut in taxes on corporate profits that are currently held overseas. He argues that a one-time cut in the corporate tax rate to 10 percent will encourage $2.6 trillion in profits to flow back to the U.S., creating millions of new jobs in the process.It sounds like a no-brainer, but it's not. In truth, this kind of tax cut will create few if any new jobs, and will probably destroy existing jobs.To understand this strange and sad truth, we need to look how profits get "trapped" overseas in the first place, and what it really... read more
By Joseph R. Blasi
Posted on: January 13, 2017
The United States is losing its once great middle class – and ways must be found to spread the fruits of economic growth if current trends are to be reversed. Capital ownership and capital income – ownership of companies, stocks, bonds, land, and financial instruments – have become very unequally distributed. Meanwhile, wages and salary gaps are growing, in part because the pay of many top earners is linked to capital income. The top ten percent of U.S. households now control almost three-quarters of all wealth and more than four-fifths of all financial assets. Half of households own no stock... read more
By John O'Neill
Posted on: January 4, 2017
The 2016 election gave Republicans control of the House, Senate, and White House. The last time Republicans held all three branches was during the Bush Administration from 2003 to 2005.Trump Administration policies – based on election rhetoric – are likely to be both right of center and controversial. That raises the question of how ASBC will address center-right, single-party rule?The answer: Express our strong opposition to policies that violate our core values. At the same time, we’ll look to collaborate with both President Trump and Congress when we share common interests. In both... read more
By David Brodwin
Posted on: December 23, 2016
Psychiatrists use the Rorschach test to plumb the depths of a person's character. They show the patient a large, irregular ink blot and ask the patient what it represents. But the image is just an abstraction, a picture of nothing in particular, and everyone imagines something different in it. One person might see a butterfly, another a burning tree, and a third might see a small child dragged off by flying monkeys.For many Americans, the rapidly approaching Trump administration is a Rorschach blot – an ambiguous image that each of us interprets according to our own hopes and fears. What kind... read more
By Eidlin and O’Donnell
Posted on: December 19, 2016
Donald Trump’s nominee to lead the Small Business Administration (SBA), Linda McMahon, can actively facilitate job growth and a more robust economy just by leveling the playing field for small businesses.Small companies face big barriers such as federal policies favoring large companies, bank policies restricting access to affordable capital and banking industry consolidation that limits options. Yet small business development can broadly increase incomes and build wealth.McMahon will take over when many businesses are experiencing a shift in how they operate. More companies are adopting “... read more
By David Brodwin
Posted on: December 19, 2016
Elected on a promise to dismantle the Affordable Care Act (also known as Obamacare), President-elect Donald Trump is now well-positioned to put a spike in its heart. With Republicans controlling both Houses of Congress, a bill to repeal the health care law could be passed and signed next month. But now there's a problem: It turns out most Americans actually like most parts of the law, raising political risks for those who repeal it without providing a suitable alternative.The Kaiser Family Foundation released a major new poll yesterday, probing American's views of the controversial... read more
By David Brodwin
Posted on: December 5, 2016
If you parked a car in Chicago anytime since 2008, you learned an expensive lesson about infrastructure. The city, strapped for funds, cut a 75-year deal to lease its parking meters to a newly created private company. The city was able to cover its immediate budget deficit, but within a year, residents were furious: Parking meter rates quadrupled, and the meters had to be fed four more hours every day. Worse, the $1.2 billion one-time payment made to the city of Chicago was nearly all spent within three years.The point of this story is that there are many ways to attract capital, and not all... read more
By Phil Powell
Posted on: November 28, 2016
The 2016 campaign is over and Donald Trump is President-elect. Much of the post-election analysis has focused on the repercussions of Trump’s unexpected victory—the protests, the rage, and the scramble to assemble a new cabinet, staff, and national security team. While sustainability cannot count on the new Administration, it did succeed in a number of ballot measures adopted in some states.Voters in Florida and Nevada, for example, voted to adopt policies that will lead to more resilient, reliable energy production and distribution.In Florida, voters rejected a state constitutional amendment... read more