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The ‘Free Lunch’ President

On Monday, Treasury Secretary Jacob Lew urged Congress to provide more resources for the exploding number of people on permanent disability. It’s part of the Obama administration’s “give away the store” mentality, encouraging the masses...Show More Summary

Why Residential PACE Is Growing in Spite of Opposition From Federal Housing Lenders

Last fall, California's governor and treasury secretary came up with a plan to solve a longstanding conflict with federal housing authorities over residential property-assessed clean energy (PACE) programs. The plan didn't work. But does it even matter? read more

How Do You Solve a Problem Like Inversions?

How do you catch a tax and pin it down?” Can governments make corporations “stay and listen to all they say?” Treasury Secretary Jack Lew in his Washington Post op-ed called on Congress to immediately stop corporations from lowering taxes by incorporating overseas. Show More Summary

Lew Supports Funding Change for Disability Program

Treasury Secretary Jacob Lew said Monday Congress should reallocate payroll tax revenue to divert more money to support the Social Security Disability Insurance fund. Here's what was behind Mr. Lew's statement.

Treasury Secretary Jack Lew Warns Tax Inversions Are Increasing At 'Breakneck Speed'

Treasury Secretary Jack Lew has written an op-ed page of the Washington Post to plead with Congress to enact legislation addressing tax inversions, which he says have been increasing at "breakneck speed." As we've been discussing all this month, the number of U.S. Show More Summary

“Economic Patriotism”: The Last Refuge of a Tax Scoundrel

by Joel Schlossberg http://c4ss.org/content/29571 “Economic Patriotism”: The Last Refuge of a Tax Scoundrel In mid-July, US Treasury Secretary Jack Lew proposed that Congress prohibit US-based companies from moving offshore in search of more favorable tax climates, citing an ostensible need … Continue reading ?

Are tax inversions unpatriotic?

Treasury Secretary Jack Lew thinks U.S. corporations moving overseas should be ashamed, said Jim Puzzanghera at the Los Angeles Times. In a letter to lawmakers, Lew called for "a new sense of economic patriotism" and urged Congress to enact laws that would stop U.S. Show More Summary

Obama Administration Presses for Retroactive Inversion Legislation

Mark J. Mazur, the Treasury Department's assistant secretary for tax policy, makes the case that any new laws targeting inversions should be backdated to May 2014, potentially affecting a number of multibillion-dollar deals.

We're Heading Into a Jobless Future, No Matter What the Government Does

In an op-ed in The Wall Street Journal, former Treasury Secretary Lawrence Summers revived a debate I'd had with futurist Ray Kurzweil in 2012 about the jobless future. He echoed the words of Peter Diamandis, who says that we are moving from a history of scarcity to an era of abundance. Show More Summary

We're Heading Into a Jobless Future, No Matter What the Government Does

In an op-ed in The Wall Street Journal, former Treasury Secretary Lawrence Summers revived a debate I'd had with futurist Ray Kurzweil in 2012 about the jobless future. He echoed the words of Peter Diamandis, who says that we are moving from a history of scarcity to an era of abundance. Show More Summary

The Fed in Danger

``Mr. Hensarling then asked her whether she would be willing to report to his committee on the matters that were discussed in her meetings with the treasury secretary. Replied Mrs. Yellen: "I'm not willing to report on a regular basis on private conversations that I have, ah, but any agreement that we reached would certainly be in the public domain."''

Hatch Says He’s Open to Short-Term Measure on Inversions

Sen. Orrin Hatch, the top Republican on Senate Finance, has left the door open to a short-term fix on corporate inversions in a letter to Treasury Secretary Jacob Lew.

Corporate Income Tax Is a Game No One Wins

This week, Treasury Secretary Jack Lew asked Congress to make it harder for US corporations to evade taxes by being "acquired" by a foreign corporation in a low-tax country. It's the latest in the long back-and-forth game of corporate taxation, writes Megan McArdle at Bloomberg. For every move the government...

Tax Action: The Quick, the Clever, and the Familiar

Treasury calls for quick Congressional action, because Congress is known to be… quick. Secretary Jack Lew asked top congressional tax writers to act now to end corporate inversions, and make such legislation retroactive to May of this year, giving Congress time to reform the corporate tax system. Show More Summary

Morning Agenda: Murdoch Sets Sights on Time Warner

Time Warner rejected Rupert Murdoch's $80 billion takeover bid, but Mr. Murdoch is known for getting what he wants. | Bank of America's settlement talks with the Justice Department have hit a snag. | Treasury Secretary Jacob J. Lew is urging an end to so-called inversions.

Jack Lew’s Misinformation on the U.S. Corporate Tax System

In a recent letter to Congress’s tax writing committees, Treasury Secretary Jacob Lew wrote that Congress should act to prevent U.S. corporations from inverting (the practice of a U.S. company merging with a foreign company and moving...Show More Summary

Inversions The Latest Thing That Won’t Produce Comprehensive Tax Reform

Begin the posturing! In a letter to leaders of the congressional tax-writing committees, Treasury Secretary Jacob Lew said lawmakers “should enact legislation immediately…to shut down this abuse of our tax system.” The letter was reviewed by The Wall Street Journal on Tuesday night…. Show More Summary

Moving Your Company Overseas Is So Evil, Jack Lew Would Ban it in the Past!

2 weeks agoNews : Reason

Treasury Secretary Jack Lew, who can't pass a quarter-sized knothole in a fence without seeing a tax "loophole" through which lucre might pass hat the government could otherwise palm, joins his voice to hose condemning U.S. corporations who move overseas to reduce heir tax burden. Show More Summary

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