Travelers this summer may pay $25 to check a bag, $75 to change a reservation, or upwards of $100 for more legroom. But those fees could pale in comparison to the costs airlines are putting on taxpayers in 37 states. A new report and website, 12billion.org, released today calculate that in total airlines get tax… Keep reading →
Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR), made the following statement regarding the introduction of the “Furthering Asbestos Claim Transparency (FACT) Act of 2014” (S. 2319) yesterday in the U.S. Senate. The legislation would require asbestos personal injury settlement trusts, which currently operate with little oversight and transparency, to… Keep reading →
The National Retail Federation today called Senate legislation aimed at increasing the federal minimum wage by 40 percent an anti-job tax that would lead to higher labor costs for employers and fewer opportunities for young and entry-level workers. NRF will include votes on the minimum wage as “Key Retail Votes” in its annual voting scorecard… Keep reading →
The National Retail Federation today expressed disappointment in a court decision that will keep the Federal Reserve’s cap on debit card swipe fees at 21 cents rather than reducing it to a lower level. “NRF is disappointed and remains confident that the Federal Reserve erred when it set the swipe fee cap far higher than… Keep reading →
Results from the Business Roundtable’s first quarter 2014 CEO Economic Outlook Survey show a moderate uptick in CEO expectations for hiring, sales and capital expenditures and some improvement in the Business Roundtable CEO Economic Outlook Index. But the survey’s expectation for 2014 GDP growth was 2.4 percent, representing below-normal growth compared to past economic recoveries…. Keep reading →
CompSource Oklahoma announced that the Oklahoma Supreme Court unanimously upheld the legislation that will convert CompSource into a mutual insurance company. Jason Clark, President and CEO of CompSource Oklahoma, said, “We are very pleased the Oklahoma Supreme Court has confirmed CompSource will become a mutual insurance company independent from the state of Oklahoma on January… Keep reading →
Today, U.S. Commerce Secretary Penny Pritzker and eBay Inc. CEO John Donahoe announced a partnership to promote U.S. trade and investment expansion. The joint effort will focus on increasing awareness of the economic benefits of trade, specifically the important role that small and medium-sized enterprises (SME) can play in growing America’s export economy. The partnership… Keep reading →
The growing national battle to curb unlicensed and unregulated taxi providers took a new direction today when a group of Chicago taxi owners, drivers and the Illinois Transportation Trade Association (ITTA) filed a federal lawsuit against the City of Chicago. The lawsuit, the first in the nation against a city, claims that by failing to… Keep reading →