For many years, the Organization for Economic Cooperation and Development (OECD) has been coordinating talks among 140 countries on cross-border tax reform in order to get multi-national corporations to pay their fair share of taxes. Currently, multinational corporations that have subsidiaries or divisions in other countries use legal accounting strategies to reduce their taxes by transferring profits to lower corporate tax rate countries or set up shell corporations in tax haven countries. It’s not fair for multinational firms to sell products in the U.S. market and then pay little or no federal taxes on the resulting profits. Domestic companies bear the brunt of our country’s tax burden, making it more difficult for them to compete in the global marketplace.
Read moreOne definition of the “American Dream” is “The belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society in which upward mobility is possible for everyone. The American dream is believed to be achieved through sacrifice, risk-taking, and hard work, rather than by chance.” Wikipedia states, “The American Dream is rooted in the Declaration of Independence, which proclaims that “all men are created equal” with the right to “life, liberty and the pursuit of happiness.” The question is: Are we losing the “American Dream.?”
Ford is investing $1 billion, adding jobs at Chicago factories as it makes cuts overseas. They are investing about $1 billion in assembly and stamping plants in Chicago. The automaker is expanding production of the new Ford Explorer, Lincon Aviator, and Police Interceptor. Read more
This year, BNSF Railway, one of the country’s largest freight railroads, aims to hire 3,500 workers across the United States — a challenge at a time when employers nationwide say they are struggling to fill vacancies. So, BNSF is offering something rare in blue-collar America: signing bonuses up to $25,000 for hourly workers, including electricians, boilermakers, and pipefitters. Read more
Workers who make things in America always get a lot of love from the lips of politicians. Always. Before Clinton and Trump, there was Reagan, Bill, Bush, and Obama. Because shaking hands with a hard-hat is always a good photo opportunity for an elected official. Read more
Most of us, regardless of our age, have heard the song popularized by Sophie Tucker and Eddie Cantor after World War I: “How Ya Gonna Keep ‘Em Down on the Farm (After They’ve Seen Paree?).” Read more
The Reshoring Initiative (Kildeer, IL) and the Precision Metalforming Association (PMA; Independence, OH) invite companies that have successfully reshored parts or tooling made primarily by metal forming, fabricating or machining to apply for the first National Reshoring Award. There will be one award for buyers and one for suppliers. Read more
In the United States, American-made products are highly regarded, with good reason, as they obviously boost the local economy as opposed to foreign-made products. However, are all the domestic-brand vehicles really assembled with components sourced from the United States? That’s what the Kogod School of Business figured out. Read more
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