Dedicated to Defending the Constitution, Acknowledging American Exceptionalism, and Restoring Common Sense in Government Policies through Public Awareness, Education and Action Strategies
Home « Topics

Budget

Key Stories

Major US Corporations Are Parking More Cash Abroad

Major US Corporations Are Parking More Cash Abroad

U.S.-based nonfinancial companies are parking record amounts of cash abroad, thanks largely to a tax code that encourages them to indefinitely keep profits from their foreign subsidiaries outside of the country.

U.S.-based nonfinancial companies are parking record amounts of cash abroad, thanks largely to a tax code that encourages them to indefinitely keep profits from their foreign subsidiaries outside of the country.


 

read more ›

Fed. Government Employee Pay: Double Private Sector

Fed. Government Employee Pay: Double Private Sector

The Bureau of Economic Analysis has released its annual data on compensation levels by industry … . The data show that the pay advantage enjoyed by federal civilian workers over private-sector workers continues to expand.

The new data show that average federal compensation is now more than double the average in the private sector.

read more ›

Obama's Budget Would Add Almost $1 Trillion In Debt Every Two Years

Obama's Budget Would Add Almost $1 Trillion In Debt Every Two Years

White House spokesman Jay Carney on Monday excused the president’s unprecedentedly late budget submission as a bargaining tactic, and he called for large annual deficits until at least 2023.

“The broader effort underway here is to try to achieve through the budget process, a compromise” that would stabilize the federal government’s deficit at roughly 3 percent of the nation’s economy, he told reporters during the midday press conference.

The nation’s GDP is roughly $15.1 trillion, so a 3 percent deficit goal would accept roughly $450 billion in new debt each year. Under Obama’s tenure, the federal debt has risen $6 trillion since 2009, up to almost $17 trillion.


 

read more ›

see archives ›

Subject Matter Expert

Experts

Articles from multiple news sources

more about this expert ›

Major US Corporations Are Parking More Cash Abroad

U.S.-based nonfinancial companies are parking record amounts of cash abroad, thanks largely to a tax code that encourages them to indefinitely keep profits from their foreign subsidiaries outside of the country.

U.S.-based nonfinancial companies are parking record amounts of cash abroad, thanks largely to a tax code that encourages them to indefinitely keep profits from their foreign subsidiaries outside of the country.


 

read the full article ›

Additional Experts

    No data found