Backers of a territorial tax system argue that the current worldwide system puts US firms at a competitive disadvantage since they must pay the high US tax rate on repatriated profits earned by their affiliates in low-tax countries, while multinationals based in territorial countries pay only the local tax rate on these profits, Toder writes.
Ashley Judd was forced out of the Kentucky Senate race by Democrats, says an adviser. But, in many ways, the charges he makes sound a lot like typical, sharp-elbowed politics.
Political events in the era of Presidents Reagan and Bush senior have great relevance to today, from budget cuts ('sequestration') to President Obama's agenda. But this history is often remembered incorrectly, or not at all – to the detriment of America's political discourse.
The former Secretary of State announced that the book will be 'an examination of democracy at home and abroad' and will be released sometime in 2015.
Donald Trump, speaking at CPAC Friday, envisioned a GOP turnaround that involves either repudiating basic Republican beliefs or doubling down on stuff that’s getting the party in trouble.