In a new #Eakinomics video, AAF President Douglas Holtz-Eakin discusses the state of the labor market with 5 key facts demonstrating the incomplete recovery. The labor market facts include that there are 2.8 million fewer full time, year round workers in 2013 than in 2007; the historically low labor force participation rate; and how the unemployed face a tough road to employment.
Advice for FSOC: Examine Consumer Impact Before Regulating
Douglas Holtz-Eakin Discusses the Middle Class on Squawk Box (CNBC)
Douglas Holtz-Eakin on Fox Business Discusses FSOC (September 9, 2014).
Douglas Holtz-Eakin on Fox Business News Discussing New CBO Report (August 27, 2014)
AAF Health Care Policy Director Chris Holt Discusses the Many Exemptions to the Affordable Care Act's Individual Mandate on Fox News (August 7, 2014).
As part of the #Eakinomics video series, the American Action Forum (@AAF) today released a new video that explains why U.S. companies decide to move their headquarters overseas after a merger. In the #Eakinomics video, AAF President Douglas Holtz-Eakin explains what a tax inversion is, the reasons driving companies to move their headquarters, and what can be done to stop inversions.
“The U.S. corporation income tax is higher than the United Kingdom and it taxes more economic activity, putting the U.S. firm at an immediate disadvantage. When those companies decide to merge for good solid business reasons, they start running the numbers and decide it’s a better deal to be in the United Kingdom. What does this mean? Well, number one, it means we lose the headquarters. But, worse, any firm that remains in the United States is at an automatic tax disadvantage against these overseas rivals. What happens then? Products get lost. Sales get lost. Factories get lost. And the factories and the jobs end up being shipped overseas to our competitor companies,” says Holtz-Eakin in the video.
Douglas Holtz-Eakin on Fox Business Discusses the GDP
AAF President Douglas Holtz-Eakin Discusses the GDP on MSNBC's "Daily Rundown" (June 26, 2014).
Douglas Holtz-Eakin on Fox Business Discusses Student Loan Debt from AAF's Own TV Studio