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In a report that would have made Casablanca’s Captain Renault blush, this morning’s Marketplace Morning Report discovered the “shocking” news that U.S.-headquartered multinational companies keep their foreign earnings in foreign markets, and by doing so, they are able to defer any U.S. taxes on those earnings until it is invested in the U.S. This isn’t new -- tax deferral been a feature of U.S. tax [...]
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As Prime Minister Shinzo Abe of Japan meets with President Obama today at the White House, this is the right moment for him to announce that his nation is ready to join the United States and 10 other countries in the negotiations for the Trans-Pacific Partnership (TPP). Such a step would increase considerably the potential economic significance of an agreement and almost certainly ensure that, if [...]
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The White House today released a report that is intended to set the stage for greater coordination across the federal government to protect the intellectual property of American business. As part of the release, I participated in a panel discussion that examined the global challenges that companies face in this arena. Here’s what I had to say, excerpted from the full discussion. * * * * * Dean [...]
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The usual snail’s pace of Washington does not appear to apply to efforts to advance skilled immigration reform. The past seven days have featured an important hearing on comprehensive immigration reform in the Senate and the introduction of two high-skilled immigration bills on the same day. All of this activity, and the events that preceded it, can only mean one thing: Real immigration reform is [...]
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The reaction from Democratic and Republican Members of Congress to Tuesday night’s State of the Union Address and Republican response show the genuine opportunity for the development of a next-generation energy strategy that can jumpstart U.S. job creation and economic growth. And the technology sector can be a leader in this effort, utilizing innovative products that boost efficiency and productivity [...]
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Think of helium, and we think birthday balloons and silly high-pitched voices. But helium plays a number of critical roles in our economy – from health care to high-tech manufacturing. Helium is a key component in MRI machines, for instance, and we couldn’t make the semiconductors for our computers and other electronics without it. That’s why a looming cut-off of helium sales is so concerning, and [...]
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The President’s nominee to be the next U.S. Secretary of the Treasury, Jack Lew, testified at the Senate Finance Committee today and faced questions from Democratic and Republican Senators on the importance of corporate tax reform to job creation. (You can watch the archived hearing on the committee’s site.) Chairman Max Baucus, D-Mont., set the tone with his opening statement, underscoring that the [...]
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Last night’s State of the Union (SOTU) Address was packed with policy ideas and key issues that President Obama hopes to work on in his second term. There was a renewed focus on job creation and economic growth. Immigration reform, among other pro-growth policies, was singled out as one way to achieve both these objectives. The link between immigration reform and economic revitalization is the reason [...]
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In his State of the Union address this evening, President Obama called on Congress to support creation of a network of at least fifteen manufacturing innovation institutes that would bring together industry, universities, community colleges, federal agencies, and states to accelerate innovation by investing in industrially relevant manufacturing technologies with broad applications. The first institute [...]
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In his State of the Union Address, President Obama announced that he has signed an executive order (EO) designed to advance critical infrastructure (CI) cybersecurity. The President’s framework is a downpayment on the challenging task of protecting America’s citizens, critical assets, and infrastructures from ever-evolving cyber threats. As the White House developed this EO, we and other stakeholders [...]
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