Bookmark and Share

Blog

By Michael Stumo
Posted on: July 13, 2017
The US imported $500 billion more goods and services than it exported last year. We are the biggest trade deficit country in the world, absorbing the oversupply of a few major countries such as China, Germany, Japan and South Korea (surplus countries). This causes US growth stagnation, wage stagnation, under employment and an eroding middle class. ASBC member businesses struggle more than they would if the economy, wages and consumer spending were growing.Because there is so much misinformation in the press, I would like to give you a structure to think about trade. First, the volume of... read more
By Connie Evans
Posted on: July 3, 2017
President Trump released his full Fiscal Year 2018 budget yesterday, and it calls for a reduction in the Community Development Financial Institutions Fund from $248 million to a paltry $14 million. This essentially amounts to elimination of the crucial fund, which would be a heavy blow to small businesses in distressed rural and urban areas. The administration’s reasoning behind their decision is that the program has been so successful that it is no longer necessary. The first part of that statement is accurate. The last part is dangerous.The CDFI Fund supports hundreds of mission-focused... read more
By David Brodwin
Posted on: June 30, 2017
This week, the U.S. Senate rolled out its version of Obamacare repeal, called the "Better Care Reconciliation Act." The bill would brutally strip coverage from many millions of Americans, while raising costs and reducing coverage for tens of millions more. And it redistributes the money gained by stripping coverage mostly to people who already have a lot of money, and already have access to great care.But even if you think taxes need to be cut and it's OK to strip coverage from people, there's a lot to dislike about the bill. It does nothing to solve the most important problem with U.S.... read more
By John O'Neill
Posted on: June 26, 2017
Don’t expect the budget before Congress to make the economy more sustainable.Budget negotiations are hung up in Congress, where Republicans can’t agree on what they want. Still, the budget the president released on May 23 set the tone and direction.The president’s budget was anti-business, if you define business as companies with U.S. employees and sales that want to remain viable. His budget would reduce consumer spending, boost tax breaks for U.S. multinationals, and slash important business regulations.The budget’s proposed cuts to Medicaid would result in less healthcare and more strain... read more
By David Brodwin
Posted on: June 16, 2017
President Donald Trump wants to treat us to a trillion-dollar investment in infrastructure building – roads, waterways, electrical distribution, airports and the like. Arguably, the treat is also intended to distract the public from former FBI Director James Comey's testimony Thursday, Russian hacking and more, but his investment would be a big win for the economy – and it would rightly give Democrats something to worry about.Done right, infrastructure makes the economy more productive. It creates jobs and makes life easier and healthier for the people who depend on it for transportation,... read more
By Jim Davidson
Posted on: June 15, 2017
On May 4, the House voted 217 to 213 in favor of the American Health Care Act (AHCA) which will “repeal and replace Obamacare.” The Senate is currently drafting an alternate bill to replace the Affordable Care Act (ACA).The House bill has many moving parts but key are eliminations of taxes and penalties, the replacement of income-based subsidies with age-based tax credits, and significant reductions to funding of Medicaid. It also provides options for states to seek waivers of coverage and pre- existing condition mandates. The Congressional Budget Office (CBO) estimates the net effect will be... read more
By Eric Nitzberg
Posted on: June 9, 2017
Ethical breaches are all too commonplace in leadership today--even expected. It is especially disturbing in the public sector, where principles like truthfulness, public service and transparency are eroding to such a bewildering extent in the Trump Administration. Just one result is the recent conflict between officials in the White House and the Office of Government Ethics, which led to the disclosure of ethics wavers. It seems we are on a path to ever lower standards of ethical behavior at the highest levels of our government.In the private sector, bad ethics are bad for business. Consider... read more
By David Brodwin
Posted on: June 2, 2017
On June 1st, President Trump announced that the United States would pull out of the Paris Agreement on climate change, calling it “draconian” and claiming without evidence that the agreement hurts jobs. The announcement has led many business leaders to question what the Agreement is really about, why Trump pulled out, and what all this implies for business, going forward.What the Paris Agreement does …  and what it doesn’t doThe Paris Agreement, is a pact to protect the climate, signed by 195 nations in December 2015.  The signers include all the major industrialized nations whose carbon... read more
By Matthew Dillon Richard Eidlin
Posted on: May 30, 2017
Organic crop and farm bill discussions wait for no man. Even as U.S. Agriculture Secretary Sonny Perdue gets settled into his new role, Congress is talking about agriculture policy and listening to stakeholders. A key emerging theme is that many food producers and rural communities are struggling. At a transitional moment such as this, it’s important to remember that organic agriculture leads to more profitable farms and job creation.A recent study from Pennsylvania State University shows that when there is a density of organic operations, annual median household income increases by more than... read more
By David Brodwin
Posted on: May 24, 2017
President Donald Trump is scheduled to meet this Friday with the leaders of the G7 nations in Italy. On everyone's mind will be the uncertain fate of the international climate agreement forged in Paris, which Trump has said he would abandon.The Paris agreement is a pledge signed by 195 countries to reduce carbon emissions worldwide and slow the pace of climate change. Under the Obama administration, the U.S. joined in, pledging a big cut in our carbon footprint, which makes up 12 percent of the global total. Not surprisingly, then-candidate Trump announced opposition to the agreement, arguing... read more

Pages