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Digesting DC

Huckabee and Trump Aren’t Running. So What Does that Mean for the Presidential Race?

In the last few days, two big names have announced they aren’t going to run for President.  So what bearing does that have on the race for the White House in 2012?  Here are five ways these non-announcements will have an impact on the race.

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Posted by: Cameron Cushman
on May 20, 2011
Category:  Capitol Hill  Digesting DC 
This is not the American Dream

Americans are more dependent on the federal government than ever before. According to USA Today, 18.3 percent of the nation’s total personal income was a payment from the government for Social Security, Medicare, food stamps, unemployment benefits and other programs in 2010. Much of this increase has come since 2008, mainly due to the expansion of healthcare and federal programs generally. Americans got an average of $7,427 in benefits last year, up from $4,763 in 2000. USA Today even breaks the data out by state, with New York leading the list.

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Posted by: Cameron Cushman
on April 28, 2011
Category:  Capitol Hill  Digesting DC 
The Most Important Global Company You Have Never Heard Of

They are larger than amazon and have more users than ebay. Yet, most Americans have never heard of them. But this company’s implications for the global economy and the increase of human welfare to the world’s poor hold vast potential.

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Posted by: Cameron Cushman
on April 6, 2011
Category:  Global  Digesting DC 
Correcting the 1099 Mistake

The Senate is expected to vote on April 5 on a 1099 fix resulting from passage of the Patient Protection and Affordable Care Act of 2010 (P.L. 111-148). Specifically, Section 9006 would require all small businesses that purchase more than $600 in goods or services from a supplier to issue a form 1099 for tax purposes to that supplier.

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Posted by: Anonymous
on April 5, 2011
Category:  Digesting DC 
Reducing Regulatory Burdens

One of the hot topics in Washington – at least among business interest groups – is the issue of regulation, or as many of them would suggest regulatory overreach.  The U.S. Chamber of Commerce, for instance, has made this one of their top concerns this year...

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Posted by: Anonymous
on April 1, 2011
Category:  Digesting DC 
Cyber Security and Threats to Business

Earlier this year, Senate Democrats introduced the “Cyber Security and American Cyber Competitiveness Act of 2011”.  This bill, which was introduced by Sen. Harry Reid (D-NV) with a number of cosponsors, is needed, according to its authors, because of emerging threats to businesses and national security.

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Posted by: Anonymous
on March 29, 2011
Category:  Digesting DC 
Education as a Driver of Growth

With unemployment rates near nine percent, politicians of both parties continue to discuss ways to spur economic growth and job creation. Lost in much of this debate is the role of education. Indeed, some economists have suggested that structural (as well as cyclical) issues are preventing the unemployment rate from falling.

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Posted by: Anonymous
on March 25, 2011
Category:  Digesting DC 
Making the R&D Tax Credit Permanent

When making long-term investments, either on physical capital or for research and development, businesses need certainty from Washington. When President Obama signed the “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” (H.R. 4853) on December 17, 2010, among its many provisions, he reauthorized the Research & Experimentation Tax Credit, which is more commonly known as the R&D tax credit.

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Posted by: Anonymous
on March 24, 2011
Category:  Digesting DC 
SBA Budget Under Fire

Last week, Rep. Sam Graves (R-MO), the Chairman of the House Small Business Committee, made headlines when he proposed nearly $100 million in cuts to the U.S. Small Business Administration’s FY 2012 budget.

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Posted by: Anonymous
on March 22, 2011
Category:  Digesting DC 
America Invests Act of 2011

I recently wrote about the tremendous backlog of patent applications at the U.S. Patent and Trademark Office (PTO).  Indeed, with a backlog of over 700,000 patent applications, investors have become frustrated with long processing times.  Yet, as I was writing about the PTO budget, the U.S. Senate was considering a major reform of the patenting process.

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Posted by: Anonymous
on March 21, 2011
Category:  Digesting DC 
Forum on Job Creation

On March 16, the House Republican leadership hosted a forum on job creation with business leaders from across the country discussing the obstacles to growing their companies.  Majority Leader Eric Cantor said, “We believe that you need to listen to those who are willing to take a risk and bet on America.”  He added that we should ensure that we best position our country for entrepreneurship.  Speaker of the House John Boehner said that many Americans continue to ask, “Where are the jobs?”

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Posted by: Anonymous
on March 17, 2011
Category:  Digesting DC 
Startup Visa Act of 2011

America needs more startups, especially those which might someday grow into high-impact, high-growth firms. Despite adding over one million net new jobs in 2010, the U.S. has over 7 million fewer nonfarm payroll employees today than at the end of 2007 when the recession began. Research from the Kauffman Foundation and others support this notion, with startups accounting for most of the net new jobs in the economy and adding new vitality to the marketplace.

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Posted by: Anonymous
on March 16, 2011
Category:  Digesting DC 
Goal of Doubling U.S. Exports

The Bureau of Economic Analysis reported that the U.S. trade balance widened somewhat in January, with the country importing $46.3 billion more than it exported. While exports of goods and services continue to rise, import growth is outstripping it right now. Ideally, we would like to have our net exports expand...

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Posted by: Anonymous
on March 11, 2011
Category:  Digesting DC 
SBIR/STTR Reauthorization

On March 9, the Senate Small Business and Entrepreneurship Committee reviewed the “SBIR/STTR Reauthorization Act of 2011” (S.493). It would reauthorize the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs for the next eight years.

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Posted by: Anonymous
on March 10, 2011
Category:  Digesting DC 
Goolsbee at NABE

Austan Goolsbee, the Chairman of the Council of Economic Advisors, addressed the members of the NABE at their annual policy conference in Arlington, Virginia discussed the dramatic steps taken by policymakers to tackle the economic crisis.

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Posted by: Anonymous
on March 8, 2011
Category:  Digesting DC 
Thoughts on Bernanke's Testimony

This week, Federal Reserve Chairman Ben Bernanke delivered his semiannual monetary update to the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services. The prospect of higher commodity prices has the potential of squeezing business owners’ profitability at a most inopportune time – when otherwise the economy itself is starting to get some traction.

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Posted by: Anonymous
on March 4, 2011
Category:  Digesting DC 
Patents and Innovative Entrepreneurship

Innovation is the lifeblood for many entrepreneurial ventures. As William Baumol has written, innovative inventors help to push our economies forward in “revolutionary” ways, helping us to stay competitive and bring new ideas to the marketplace.

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Posted by: Anonymous
on March 4, 2011
Category:  Digesting DC 
Want to Grow Your Company? Export

I was shocked to learn that only 1 percent of American companies export their products. More shocking still, of those companies that export, 58 percent of those companies export to only one country.

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Posted by: Cameron Cushman
on March 3, 2011
Category:  Global  Digesting DC 
The Federal Budget Debate: To Shut Down Or Not To Shut Down

When you talk to anyone in government this week, one word is on everyone’s mind: “shutdown.” The federal government is already setting up contingency plans on what it will do if the Congress cannot agree on a new continuing resolution by March 4.

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Posted by: Anonymous
on March 1, 2011
Category:  Digesting DC 
What the President Should Say Tomorrow

Dear Mr. President, the nation's entrepreneurs are counting on you tomorrow night. Want to use your State of the Union speech to lay out a plan for real economic growth? Here's what you should say.

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Posted by: Cameron Cushman
on January 24, 2011
Category:  Capitol Hill  Digesting DC 
So How Did They Do?

Last spring I profiled several entrepreneurs who were running for office. So now that the midterm elections are behind us and all the races have been decided, how did our entrepreneurs do?

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Posted by: Cameron Cushman
on December 17, 2010
Category:  Capitol Hill  Digesting DC 
What Our Language Says About Us

Recently, the Oxford English Dictionary released its annual list of new words in the English language. I was struck by how the list reflects the current times in our country, not only in popular culture, but also in our current political and economic climate.

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Posted by: Cameron Cushman
on August 20, 2010
Category:  General  Digesting DC 
LeBrontrepreneurship

One of the big stories in sports this summer was “The Decision” by NBA superstar LeBron James to exercise his rights as a free agent and leave his current team for a better deal with another franchise. The media circus around this non-event spurred a...

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Posted by: Cameron Cushman
on July 27, 2010
Category:  Digesting DC 
A New Model for Development
During the last week of May, the Kauffman Foundation and the Command and General Staff College Foundation at Fort Leavenworth hosted a conference that sought to help build functioning economies in countries recovering from conflict or disaster. This new form of economic development, called expeditionary... [More]
Posted by: Cameron Cushman
on June 21, 2010
Category:  Digesting DC 
Entrepreneurship as a Campaign Issue
As the United States gears up for the mid-term elections in November, it appears that entrepreneurship may be emerging as a campaign issue that candidates are embracing as a way to create jobs and bring America out of the Great Recession. But before I tackle that... [More]
Posted by: Cameron Cushman
on June 18, 2010
Category:  Digesting DC 
Stand Up and Be Counted
By now, every American should be aware that the U.S. government is conducting its decennial census, as mandated by the Constitution. Since this only happens every ten years, every approach to counting the number of people living in the U.S. is completely different, especially with... [More]
Posted by: Cameron Cushman
on June 01, 2010
Category:  Digesting DC 
Why Don't Entrepreneurs Run For Office?
In doing research for my most recent posts, I was reminded how few of our representatives come from entrepreneurial roots. In fact, almost 80 percent of the current United States Senate has been supported by the government (taxpayers) for their entire working lives. Lawyers make up 59 percent... [More]
Posted by: Cameron Cushman
on May 24, 2010
Category:  Digesting DC 
Running to Save California
The race is on in California. Voters from the state that boasts the eighth largest economy in the world will go to the polls in November to decide who will succeed the embattled Governator Arnold Schwarzenegger. Though California’s financial problems have been well-documented, two candidates... [More]
Posted by: Cameron Cushman
on May 17, 2010
Category:  Digesting DC 
Entrepreneurs as Senate Candidates
So who will fill these empty Senate seats? Will the American people choose the real job creators in our economy to get our country hiring again? I thought I’d profile a couple of candidates with backgrounds in innovative high-growth companies that are running for office... [More]
Posted by: Cameron Cushman
on May 10, 2010
Category:  Digesting DC 
Bringing Change to Washington, Through Attrition
When Barack Obama was still a presidential candidate, he promised to change the way Washington worked. He was swept to power on this mantra of change accompanied by seemingly insurmountable majorities in both houses of Congress. But due to a multitude of factors, major membership... [More]
Posted by: Cameron Cushman
on May 03, 2010
Category:  Capitol Hill  General  Digesting DC 

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