Finance, Tax, U.S. Tax, Federal Tax Rules & Regulations, U.S. Tax Policy, Global Economy, Competitiveness, Foreign Trade, Imports & Exports, Government Policy
The campaigning and election are (at long last) over; the electorate has spoken. Time for President Obama to turn his full attention to the economic recovery, and more specifically to helping build a stronger, more dynamic American manufacturing base. The pro-manufacturing initiatives of his first term—and there were actually quite a few, including creating an Advanced Manufacturing Partnership, a manufacturing skills certification system in community colleges, and a National Additive Manufacturing Innovation Institute—were sensible, but they were baby steps.
Finance, Tax, U.S. Tax, Federal Tax Rules & Regulations, U.S. Tax Policy, Global Economy, Competitiveness, Government Policy, Money & Finance, Government Finance
The fiscal cliff is an unusually large number of contentious tax and spending laws set to expire December 31, 2012. These rules impact business as well as nearly every segment of the population. Collectively, the seven major initiatives amount to more than $600 billion, or about 4% of gross domestic product in calendar year 2013.