With recent news about Burger King and medical device manufacturer Medtronic relocating their headquarters outside of the United States to avoid high corporate taxes, the subject of corporate inversions has been a big topic of discussion in the media. While President Obama and the Treasury Department condemn these moves and construct roadblocks to prevent inversions, they fail to see the reasons that drive these corporations overseas.
Last week the Center for American Progress released a health care reform plan it claimed should draw bipartisan support because it includes Republican ideas. The first four words of an Associated Press article reporting on the plan were “Borrowing a Republican idea.”
Political rhetoric in the United States, particularly on the right, has a strong tendency to focus on the incomparable economic freedom of Americans and American businesses. They portray the rest of the world as more socialistic and the American system as the closest thing to a free market economy operating in the world. Yet that is far from the truth. In fact, America is swiftly being supplanted as a preferred place of business by many other countries in the rich world.
A recent article in The Wall Street Journal took note of what has occurred since the 1990s when some three dozen gray wolves were captured in Canada and transferred to the wilderness of Idaho. According to federal biologists, this was necessary to restore the ecological balance in a region teeming with elk and other creatures on the gray wolf food chain.
The article noted that more than 650 wolves roam the state today according to the Idaho Department of Fish and Game which has been hearing a lot of complaints that the wolves “are wreaking havoc on Idaho’s prized elk and livestock, and prompted the governor’s office to embark on an effort to wipe out three-quarters or more of the population.”
Why are European Commission antitrust authorities bending over backwards to settle with Google? The EU’s apparent preference for settling, rather than prosecuting Google for antitrust violations, turns a blind eye[…]
The case for the Keystone XL pipeline is straight forward. Jobs will be created. Families will benefit. Local businesses and professions will grow. Governments will increase their tax receipts. The US economy will be fueled, to a larger extent, by oil from a nearby friendly country, thereby improving national security
Every American who fills up his auto’s gas tank, air conditions or heats their home or apartment, and whose livelihood is directly affected by the cost and availability of energy is being held hostage by the Obama administration.
Last week, Bob Goodlatte (R-Va.) and other lawmakers introduced legislation in the House of Representatives calling for major changes in the Renewable Fuel Standard (RFS). The RFS is the reason[…]
Heartland’s Jay Lehr predicts Obama will ultimately reject the Keystone XL pipeline. But that will not slow development of Canada’s tar sands, a supposed goal of the environmental activists.
Environmentalists mistakenly think that blocking the Keystone pipeline will prevent crude oil, derived from Canada’s oil sands, from being extracted and from being conveyed into the US to be refined[…]