@tidbitbistro is offering (free tapa w/drink) to all Microsoft employees in the Seattle area that make a tweservation http://bit.ly/fOwNWn
Monday, November 22, 2010
Untitled
@tidbitbistro is offering (free tapa w/drink) to all Microsoft employees in the Seattle area that make a tweservation http://bit.ly/fOwNWn
via Ping.fm
Monday, November 8, 2010
tweservation on Win Phone 7 Marketplace - free download!
tweservation app is now available for free download on the Windows Phone 7 Marketplace. Download it on your new Samsung or HTC Win 7 phone
Sunday, November 7, 2010
Job Creation Act 2011 idea
Dear Speaker-elect Boehner,
The president mentioned in his last town hall that he was open to any ideas to create jobs. I have one idea that could create up to $1 trillion dollars for investment in new U.S. private sector jobs without requiring any additional government spending and garner immediate bipartisan support. Corporations are risk taking entities by nature and will respond if properly motivated. A significant percentage of corporate cash is held offshore and no investor is going to reward any corporation that sits on large cash balances indefinitely.
This act would allow U.S. corporations to repatriate foreign funds back to the U.S. at a much lower rate (vs. current 35% rate) if the funds were spent to hire additional U.S. private sector employees, designated U.S.-based infrastructure spending, or U.S.-based R&D investment compared to a baseline for at least 3 years (U.S. net jobs created by corporation, U.S. capital expenditures by corporation, etc.). Companies would not be allowed to use the funds to repurchase shares or pay out dividends to shareholders.
Another guideline to keep the corporations honest would be to allow this repatriation to occur for a one year period but slowly reduce the deferral benefits of foreign earnings in the future equal to the repatriation amount of the participating corporations once the U.S. unemployment rate drops below a certain rate (i.e. 6.5%). One additional incentive would be to cap the total amount that could be repatriated to get the best (lowest) repatriation tax rate (see example below).
Example: $1 Trillion Job Creation Act 2011
1). The first $300 million to be repatriated and spent would receive a 5% tax rate.
2). The second $300 million to be repatriated and spent would receive a 10% tax rate.
3). The last $400 million to be repatriated and spent would receive a 17.5% tax rate.
All funds designated for repatriation must be spent within 12 months of repatriation in the three approved areas mentioned (hiring U.S. private sector employees or spending on designated U.S.-based infrastructure spending / U.S.-based R&D investment).
The American people are looking for job creation and will reward the companies that invest in America by purchasing their products and services. Politicians can point to a bipartisan agreement to create private sector jobs and receive some tax revenue that would not be received otherwise. Corporations will have the proper tax rate incentives to invest in America and eliminate corporate inertia that exists in the boardroom today. Investors will begin seeing positive job growth and invest in companies accordingly.
Let’s put America back to work!
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