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Showing posts with the label tax structure

Why Advocate for the Simplification of the American Tax System?

Tax reform is a leading issue that will be hotly discussed in the next few years. America’s resurgence affords opportunities to make important adjustments to government functioning and spending that can improve opportunities for long-term growth. Now is not the time to fall into a trap of complacency only because the economic position of the U.S. is improving. Reforming the tax system helps both businesses and citizens understand their tax situations and create more trust with government.  Depending on what perspective a person comes from will determine whether or not they are an advocate of tax reform. Many times these differences are created based upon demographics. For example, a person making $40K a year will have a different perception than someone making $500K a year.   Simplification offers an opportunity to put them both on the same playing field.  Corporations and individuals will also have different perspectives. Corporations will desire to lower their liabilitie

The U.S. Moves Up in Global Competitiveness but Still Needs Improvement to Claim #1 Spot

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The U.S. is becoming more competitive according to the Global Competitiveness Report 2014-2015. For two years in a row the U.S. has been improving and has moved into 3rd place with improvements in institutional framework, business sophistication, and innovation. The process of development is moving forward but lags behind due to perceptions of governmental efficiency and decision-making. As the nation aligns around core principles and values, it will better be able to foster the right pro-growth environment. Strengths :  The U.S. has strong infrastructure, flexible labor, advanced business, and a progressive use of new information. The report cites the willingness of businesses to work with universities to create innovation and development. This innovation turns into new products, services, and operations that strengthens the entire system.  Weaknesses :   The business community is skeptical of government, believe that government officials play favorites, and waste