The Sunshine Report

Archive: Jun 2011

1. Tax Cut Proposal Kicks U.S. Workers Out Of Jobs

   0 Post on June 27, 2011

   Tax cut pro­po­nents want to encour­age domes­tic employ­ment by sub­si­diz­ing Amer­i­can com­pa­nies who employ for­eign work­ers in over­seas plants.

   Cut­ting cor­po­rate income tax on for­eign earn­ings puts com­pa­nies that keep their pro­duc­tion in Amer­ica at a com­pet­i­tive dis­ad­van­tage and encour­ages the con­tin­ued hol­low­ing out of the Amer­i­can economy.

   The sub­sidy for mov­ing pro­duc­tion over­seas has been euphemisti­cally called a “repa­tri­a­tion tax hol­i­day” but the only peo­ple who are going to get a hol­i­day are unem­ployed Amer­i­cans whose jobs will move over­seas. [read full story]

   Posted in: economy, Finance, Politics, Public Policy

2. Is Chinese Manufacturing Coming Back To The U.S.?

   0 Post on June 22, 2011

   At first I couldn’t believe my ears: a U.S. man­u­fac­turer was telling me that they were plan­ning on flee­ing the high costs of Chi­nese man­u­fac­tur­ing for the rel­a­tively lower costs of the U.S. [read full story]

   Posted in: China, Finance, Manufacturing

3. Goodbye Recovery, Hello Recession

   0 Post on June 18, 2011

   Wash­ing­ton politi­cians are point­ing the U.S. econ­omy straight into a liq­uid­ity trap and instead of a bright eco­nomic future, the U.S. is look­ing at years of high unem­ploy­ment, weak GDP growth and the pos­si­bil­ity of wide­spread defla­tion. [read full story]

   Posted in: Credit Crisis, Deflation, Economic Statistics, economy, Liquidity Trap, Monetary Policy, Public Policy, REGULATION