by: Jim Burke
Charles Walgreen Sr., founder of the nation's biggest drugstore chain, would not approve of what the management of his company is planning. He would never have considered moving his headquarters address to a foreign country just to avoid paying the company's fair share in U.S. taxes. He loved his community and country too much.
How do I know? Because I'm the mayor of the small city in Illinois where Charles Walgreen spent his formative years, went to public school and had his first experience working in a drugstore. Later, after Walgreens bought a pharmacy in Chicago and grew it into a hugely successful chain, he became a major benefactor of the city of Dixon because he believed that a good business gives back.
by: Frank Clemente
In the most blatant display of national disloyalty since Benedict Arnold sold out to the British, at least a dozen American corporations are planning to renounce their corporate "citizenship" in the United States and declare themselves foreign companies.
They won't physically move their facilities overseas -- they'll just reincorporate on paper in a tax haven where they have few employees or any real business. They will continue to enjoy the substantial benefits of operating here, but they'll pay the rock bottom tax rates of a tax haven.
These defections, known as corporate "inversions," will lose $20 billion in revenue over the next decade, according to the Joint Committee on Taxation.
by: Russell Cann
If you can invest money now on something that will pay for itself in three years, then provide you with free money every year after that, would you do it?
Well, this "something" really exists, and it's called energy efficiency. Right now, we need the state government to embrace it. Unfortunately, the South Carolina legislature has taken the opposite step, pushing legislation this year that attacks energy efficiency in the state. The result being that the economic benefits of energy efficiency in the state will not be realized. There's no apparent reason for this -- especially if you're someone who thinks government should be run like a business.
by: Richard Eidlin
Some national business organizations have hammered the Environmental Protection Agency (EPA) for proposing new rules on carbon pollution from existing power plants, cutting carbon emissions by 30 percent by 2030, using 2005 levels as a baseline. What planet are they on?
It's ludicrous to pretend that climate change isn't happening, or that it won't affect every industry. It's beyond comprehension that large business advocacy organizations, including the US Chamber of Commerce, think that our government should stand by and do nothing, while climate-related disasters in 2012 caused more than $139 billion in damages, while U.
by: Holly Sklar
by: Mitch Rofsky
by: Sean Moulton, Ronald White
by: Chris Van Hollen, Sander Levin
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