Articles by Greg Galdabini

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VIDEO: What Do the Works of Shakespeare and the Tax Code Have in Common?

This video explains in less than three minutes why and how our tax code should be reformed.

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VIDEO: Sen. McConnell Says No More Votes on Tax Hikes

Senate Minority Leader Mitch McConnell (R-KY) spoke to FreeEnterprise.com about taxes and regulations.

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VIDEO: Members of Congress Speak Out on Keystone Pipeline

Republican and Democrat members of Congress tell FreeEnterprise.com that now is the time to approve construction of the Keystone XL Pipeline.

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VIDEO: Sen. Graham Says Immigration Bill Not Possible Without the U.S. Chamber

Sen. Lindsey Graham talks to FreeEnterprise.com about the comprehensive immigration reform legislation he helped negotiate.

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Wealthy Americans Face Highest Tax Rates Since 1979

Top 20% of households will pay an average of 27.2% of their income in federal taxes in 2013.

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Stockbrokers Turned Pickle Growers

Jenny Fulton left a career in financial services to start a pickle company that exports to China.

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U.S. Manufacturing: The World's Third Largest Economy

U.S. manufacturing is far from dead, but its future success is far from assured.

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VIDEO: What Is Carried Interest?

Raising raise taxes on carried interest would discourage the risk taking that is required to save, start, and grow companies.

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Small Businesses Are Withering Away

Washington policies are contributing to continued difficult times for the nation's small firms.

Profiles

Catching Up With Steve Forbes

The free market advocate is bearish on an economic turnaround.

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How Entrepreneur-Friendly Is Your State?

This index ranks all 50 states on 46 different policy measures, including a wide array of tax, regulatory and government spending measures.

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Do You Live in a Judicial Hellhole?

California tops the list of unfair civil justice systems, according to the American Tort Reform Association.

INFOGRAPHIC: Small Businesses Investing More In Social Media

Small business owners are spending more time and money on social media but are struggling with the increased workload.

Hiring Our Heroes Makes A Lasting Impact

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Bono Humbled By Entrepreneurism

The iconic rock star recognizes the importance of capitalism and entrepreneurship in philanthropy.

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Imports=U.S. Jobs

Little noticed in the September jobs numbers report is the number of newly created jobs that are supported by imports.

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VIDEO: Manufacturers Seek Skilled Workers

Manufacturers speak about one of their biggest challenges.

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"Won't Back Down": A Break Through for Education Reform?

A movie about one mother's effort to transform a failing school could change the debate.

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Making the 'Case' for an Entrepreneurial Revival

AOL founder Steve Case says that the United States' lead in entrepreneurship is shrinking and explains how to halt the closing gap.

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Part II: We Should Applaud Risk-Takers and Dreamers

The government plays a role in a successful economy but does not determine individual success.

Profiles

INTERVIEW: Author Mallory Factor Lifts the Lid on Government Unions

A Q&A with Mallory Factor, author of "Shadowbosses: Government Unions Control America and Rob Taxpayers Blind"

Congress: Top 5 Unfinished Pieces of Business

Congress skipped town for its August vacation without finishing important work.

Transportation Bill to Spur Job Growth

For the first time in seven years, Congress passed a $105 billion multiyear surface transportation bill, bringing certainty to road, highway, bridge, and transit projects and ensuring that project dollars are spent more wisely and stretched further.

Business Takes on Health Care Law

The U.S. Chamber and other business organizations are intent on not letting the U.S. Supreme Court have the final say on a partisan health care law that a majority of Americans oppose. Following the Court’s unexpected decision on June 28 to uphold the law, the Chamber and other groups will continue their push to dismantle it.

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Defense Cuts and the Small Business Impact

Defense and aerospace supply chains 'could crumble.'

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Study: Dividend Tax Rate Hike to Hurt Retirement Savings, Seniors

Unless Congress acts, dividend income will be taxed as ordinary income, with rates rising to as high as 44.6%.

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Expert Addresses Europe Debt Crisis and Its Impact on the United States

Fred Kempe, president and CEO of the Atlantic Council, shares his insights into the European debt crisis.

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Tax-the-Wealthy Crowd Misjudges the American Psyche

Fortune's Nina Easton points out that predictions of impending class warfare miss the fundamental nature of the American psyche.

Profiles

State Farm’s Ed Rust Elected U.S. Chamber Chairman

Business leader possesses Midwestern values, a strong work ethic, and a long track record of business advocacy.

VIDEO: Pro-Business Members of Congress Talk Jobs

New Survey Results Show Unpopularity of Health Care Law

Unpopularity of the law among FreeEnterprise.com users is overwhelming.

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The Perfect As Enemy of the Good

The House highway and transit reauthorization bill isn't perfect, but it's fixable.

Entrepreneur in Chief

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Chamber Leaders Show Support for Voter Education Program

With the future direction of the economy and job growth at stake, a growing number of chambers of commerce are recognizing that they can’t afford to be silent this election year.

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Construction of First New Nuclear Reactor in More Than 30 Years Approved

Project will create 5,000 new construction jobs and 800 permanent jobs.

Profiles

Talking Elections With Scott Reed

Seasoned political strategist Scott Reed shares his insights into the 2012 elections and the U.S. Chamber's voter education program.

Driving the Day 12/13/2011

Canada pulled out of the Kyoto Protocol yesterday, saying the accord won’t help solve the climate crisis. It is the first country to formally renounce the agreement. Canada’s booming oil sands sector, which is the country’s fastest growing source of greenhouse gases, is a reason why it renege

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CEOs State Top 5 Priorities for Growth and Jobs

Following the Thanksgiving holiday weekend, President Obama is expected to hit the road again to tout his jobs plan, which has generated very little support because it contains temporary, ineffective policies and is paid for with tax increases. If you’re trying to spark job creation, wouldn’t it

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Taxing Health Insurers Hurts Small Business

The U.S. Supreme Court made news this week by announcing that next spring it will decide on the constitutionality of the individual mandate in the 2010 health care reform law. But that announcement hasn’t slowed legislative efforts in Congress to rid the law of other problematic provisions – nor s

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A Less Than Rosy Economic Forecast

Americans’ expectations of future economic growth need to be scaled back as the housing crisis plays itself out and as uncertainty facing businesses mounts. That was the message today from U.S. Chamber Chief Economist Marty Regalia speaking at the Quarterly Economic Roundtable Series hosted by t

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Does America Have Enough Skilled Workers to Compete Globally?

That was the overarching question posed to a panel of labor experts at the National Journal’s “Making America Competitive in the Global Economy Summit” this morning. Randy Johnson, U.S. Chamber Senior Vice President of Labor, Immigration & Employee Benefits, answered “no,” citing feedback from Cha

Profiles

Portman and Baucus Tackle Debt Problem

In Washington, any single member of Congress can avoid attention by blending in with his or her 534 colleagues. But for the 12 members of the bipartisan congressional supercommittee tasked with trimming $1.2 trillion to $1.5 trillion from the nation’s debt, the national spotlight and the pressure that comes with it are unavoidable.

President’s Jobs Plan Falls Short, Chamber Officials Say

The jobs plan that President Obama outlined to a joint session of Congress on Thursday evening falls short of what’s needed to trigger more robust economic growth that will bring down the nation’s stubbornly high unemployment rate, U.S. Chamber officials say. “A workable jobs plan must genuinely reduce regulatory uncertainty, unshackle promising American industries, and not be overly reliant on government spending and subsidies,” says Chamber President and CEO Tom Donohue.

5 Recommendations of Job Creators

As the president prepares to unveil his jobs agenda to a joint session of Congress tonight, he would be wise to incorporate the recommendations of the job creators themselves. The Wall Street Journal asked a number of CEOs of the some of the world’s largest companies what Washington should do t

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Has NLRB Commenced a Big Anti-Business Push?

Three pro-union rulings handed down by the National Labor Relations Board this week could be just the opening salvo in a series of decisions to strengthen union organizing efforts at the expense of employers. As Chamber senior vice president for Labor, Immigration, and Employee Benefits, Randy Joh

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Low-Hanging Fruit on the Jobs Tree

As President Obama prepares to reveal his jobs plan before a joint session of Congress next week, we hope to hear him say that he intends to remove obstacles that have needlessly stalled the development of dozens of vital energy projects across the country. By taking simple steps to facilitate th

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Irishman Takes Stand Against Higher Taxes

Ireland Finance Minister Michael Noonan is making the rounds in Washington, meeting with acting IMF Director John Lipsky, U.S. Treasury Secretary Timothy Geithner, and Chamber President and CEO Tom Donohue. As noted in this Irish Times article, Noonan is unwavering in his opposition to raising Ire

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Investment From Overseas Spurs U.S. Job Growth

by Greg Galdabini Jobs. Jobs. Jobs. Our economy needs lots more of them, and the U.S. affiliates of foreign-owned companies are a good source of them, according to a report issued today by the U.S. Commerce Department. The report, Foreign Direct Investment in the United States, concludes that encou

Profiles

John Ruan III Elected U.S. Chamber Chairman

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Gas Prices, Lawsuits, and Taxes

Yesterday at America’s Small Business Summit, a trio of U.S. Chamber senior executives weighed in on three issues that are keeping small business owners up at night. Energy – The administration has adopted a “just say no” energy policy, having canceled 80 oil and gas leases that were previously

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Card: 'Free Enterprise Starting to Choke'

  brightcove.createExperiences(); Former U.S. Transportation Secretary and chief of staff to President George W. Bush Andy Card says that “American free enterpris

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Medical Liability Reform – The Missing Piece of the Health Care Reform Law

Two health care policy experts speaking at America’s Small Business Summit said that medical liability reform, left out of last year’s health care reform law, is one of the most important improvements Congress could make to the health care system. Dr. Len Nichols, professor of health policy and d

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Will the Celtic Tiger Return?

While the British queen’s trip to Ireland this week has stirred up some controversy and mixed emotions there, Tom Donohue’s positive message of solidarity, praise, and encouragement was universally well received by Irish business and government leaders. In a speech to the Institute of Certified P

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Tax Hikes For Oil Companies – The Wrong Approach

At a National Press Club luncheon today, U.S. Chamber Chief Economist and Senior Vice President Dr. Marty Regalia pointed out that Congress is missing the target by taking aim at oil and gas companies. The Senate Finance Committee is holding hearings on oil and gas company taxes on Thursday amid r

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The Week That Was: May 6, 2011

During a week in which the nation was fixated on news of Osama bin Laden's death, the administration made progress on the pending FTAs, and the Chamber rolled out its education reform principles as well as the results of its inaugural Small Business Outlook Survey.        The Minneapolis Sta

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A City That's Doing It Right

Cities across the country are cutting services, raising taxes, and even, in some cases, contemplating bankruptcy. But a notable exception is Sandy Springs, a suburban community of about 80,000 just north of Atlanta, Georgia. Since incorporating in 2005, Sandy Springs has improved its services, in

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Education Reform Principles: Video Highlights

from ICW

As reported in a post yesterday, the U.S. Chamber released its guidelines for reauthorization of the Elementary and Secondary Education Act, also known as No Child Left Behind. Check out the press conference highlights featuring Tom Donohue, Chamber president and CEO; Margaret Spellings, president

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Energizing the Energy Debate

Kudos to the House of Representatives for taking steps to address exorbitant gasoline prices and rising frustration among American families and small businesses. Today, the House began consideration of the first of three bills designed to increase domestic oil and natural gas production. H.R.1230

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FAA's Babbitt: NextGen Pays For Itself

Airlines have done the math and have seen the business case for equipping their airplanes for NextGen technology, Randy Babbitt, Administrator for the Federal Aviation Administration, Babbitt told a standing room crowd at the U.S. Chamber’s 10th Annual Aviation Summit today. NextGen, which moves

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Regulators Crack Down On … Wiffle Ball?

Add this to the Regulators Gone Wild file: according to a report on the New York Daily News web site yesterday, New York state regulators have deemed Wiffle Ball, freeze tag, dodge ball and other timeless kids’ games “risky recreational activities.” The article says that under state rules, any pro

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EPA Doesn't Care About Job Losses

Almost every major environmental law requires EPA to perform a continuing study of the effect of its regulations on employment or the threat of job losses. EPA rarely, if ever, performs such a study. Last week, EPA Assistant Administrator Mathy Stanislaus admitted as much to Rep. Cory Gardner dur

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Free Enterprise and Jobs: Members of Congress Weigh In

Yesterday, the U.S. Chamber presented the 2010 Spirit of Enterprise Award to pro-business members of Congress. I was able catch up with several of the award winners to get their thoughts on free enterprise and how to create new U.S. jobs . Check it out.

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Keynote Highlights from the Capital Markets Summit

Watch video highlights of our keynote speakers at the 5th annual Capital Markets Summit, held at the U.S. Chamber on Wednesday. Learn more or view the full webcast of the event.

Profiles

Exposing Overregulation

He’s been called, among other things, the administration’s “chief congressional tormentor.” Rep. Darrell Issa (R-CA) is using his position as chairman of the House Oversight and Government Reform Committee to shine a spotlight on the job-killing flaws of the federal regulatory scheme. In between his congressional hearings investigating regulatory excess, Rep. Issa took time to answer our questions.

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Live From the Summit: Jamie Dimon

Tom Donohue interviewed JPMorgan Chase & Co. Chairman and CEO Jamie Dimon. Here are a few summarized tidbits from Dimon during the wide-ranging, energetic exchange: On the economy... Corporate America has lots of cash, consumer spending and small business demand is up, and the housing market is b

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Live From the Summit: Tom Donohue

Chamber President and CEO Tom Donohue focused his remarks on the five most critically important Dodd-Frank implementation issues. Here’s a quick rundown: Consumer Financial Protection Bureau. The scope of the agency and its accountability remains a major concern. If not used carefully, the CFP

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Live From the Summit: Elizabeth Warren

Elizabeth Warren, architect of the new Consumer Financial Protection Bureau, likened her appearance at the Chamber to "Nixon to China, Daniel in the Lion’s Den, Senator John Kennedy speaking to Baptist ministers," but quickly tried to establish common ground with the Chamber, saying they both shar

Health Care Law Turns One: Feeling Any Better Yet?

One year ago, President Obama signed comprehensive health care reform legislation. Has the law lived up to the promises made by its supporters? Consider the facts below.

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Exposing Overregulation

Rep. Darrell Issa (R-CA) is using his position as chairman of the House Oversight and Government Reform Committee to shine a spotlight on the job-killing flaws of the federal regulatory scheme. In between his congressional hearings investigating regulatory excess, Rep. Issa took time to answer que

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Energy and Jobs

from EnergyXXI

The Chamber’s new study, Progress Denied: A Study on the Potential Economic Impact of Permitting Challenges Facing Proposed Energy Projects, reveals that stalled energy projects are costing the U.S. economy nearly 2 million jobs. In Washington policy debates, it’s easy for some to become desensit

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Road trip

Chamber President and CEO Tom Donohue is taking the Chamber’s jobs and growth agenda on the road, with stops today and tomorrow in Massachusetts and St. Louis.  Donohue will rally audiences at the South Shore Chamber of Commerce in Massachusetts and at the St. Louis Regional Chamber and Growth

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Entrepreneurs on the Rise

Last weekend, the floor of the New York Stock Exchange was swarming with young, bright, and ambitious minds. You couldn’t help but think that someone among them will become the next Bill Gates. The event was the Kairos Society Global Summit, of which the U.S. Chamber was a presenting sponsor. The

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Peeling Back the Health Care Law One Layer at a Time

Though outright repeal of the Patient Protection and Affordable Care Act (PPACA) is a political pipedream, opponents are making progress in stripping it of its most onerous provisions. Here’s the legislative scorecard for those tracking from home: Last week, the House Ways and Means Committee

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The Face of the Health Care Law

By any measure, Bill Feinberg is a successful small businessman, the kind who makes up the backbone of the U.S. economy. He and his three brothers own Allied Kitchen and Bath, Inc. located in Ft. Lauderdale, Florida. The company has earned a 5-Star rating on Angie’s List, and is a AAA rated memb

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CBO Says Health Care Law is a Jobs Drain

In case you missed it, in testimony before the House Budget Committee last week, Congressional Budget Office Director Douglas Elmendorf, in response to a question from Rep. John Campbell, said that the health care law would reduce employment by 800,000 in ’20-’21. The health care law should be re

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Federal Bureaucracy Drives Jobs Overseas

President Obama used his recent speech at the U.S. Chamber to encourage more innovation and job growth in the U.S. We hope the federal agencies were listening – including the FDA. The New York Times this week reported that innovative medical device companies in the United States are losing their

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Business Leaders Weigh In on President's Speech

During his speech at the U.S. Chamber on Monday, President Obama talked about a shared responsibility between government and the private sector in restoring jobs, economic growth, and innovation. A few small business owners and association and chamber leaders in the audience shared their impressio

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Anticipation for President Obama's U.S. Chamber Speech Builds

Heading into the weekend, Superbowl XLV isn’t the only big event garnering media attention. On Monday, President Obama will deliver a speech to the business community at U.S. Chamber Commerce headquarters, located just steps away from the White House. The president’s speech will be closely watche

Profiles

Flying High

Robert Pasin has expanded the product line at Radio Flyer, the red wagon company started by his Italian immigrant grandfather 94 years ago.

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A Tax Credit That Really Isn't For Some Small Businesses

by Greg GaldabiniThe House was smart to pass legislation this week repealing the health care reform law enacted last year. The law is so flawed  and complex that even a provision as seemingly beneficial to small businesses as the 35% tax credit for the purchase of employee health care has turned out

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Small Tweaks to Bad Schools Don’t Work

A recent study suggests that tough education reform measures-like closing a school, reopening it as a charter, or implementing a turnaround model in which most of the staff is replaced and a new principal is given increased autonomy-are necessary for turning around persistently failing schools. Th

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Small Business Summit - Temperature Check: Free Enterprise in the Current Political Climate

Joe Scarborough, the former congressman and current host of MSNBC’s “Morning Joe,” made quite a few interesting and insightful comments at the Small Business Summit on Tuesday afternoon. Here are a few of the highlights: On the 2010 midterm elections: There are many parallels between the mood of th

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Small Business Summit - Leveraging Social Media to Build New Relationships

Being a small business owner almost requires that you be social, so it is no surprise that there was standing room only at the Small Business Summit break out session on social media yesterday. Participants walked away with a number of good tips from Erica Pierson and Saïd Eastman, both of Monster

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SB Voices - Spend Less, Sell More

Donald Moore and Wilder Baker of Harmonics Limited give two tips 1) look at costs 2) increase sales/marketing.

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SB Voices - Building a Workforce

Jim Franklin, CEO, Reliable Review Services, gives a great argument for investing in technology. Savings equals capital equals growth.

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SB Summit: Still Succeeding In These Down Economic Times

Small business owners were treated to a number of insightful tips from the panel of nationally recognized entrepreneurs. All of the panelists recognized the importance of the Internet in driving business growth. “The Internet is the platform for any company with designs on growing,” said Joel Babbi

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SB Summit - Hiring and Managing in a Down Economy

Even in a down economy, employers shouldn’t assume that they have the upper hand in the hiring and managing process. According to Saïd Eastman, executive director of Business Development for Monster Worldwide, employers should incorporate the following tips for hiring the best candidates and retain

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SB Summit: Commerce Secretary Touts Smart Grid

Just one thing to add to Tom's post on U.S. Commerce Secretary Gary Locke's session at America’s Small Business Summit this morning. The Secretary said that the government’s investment in a smart grid will create new jobs and improve energy efficiency. He spoke of a future where appliances will t

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What Business Will Need From The Next President

Tom Donohue was on the PBS Nightly Business Report last night.  From the show:SUSIE GHARIB: With the presidential election three weeks from today, we continue our special series of election commentaries looking at the candidates' economic choices. Tonight, Tom Donohue, president and CEO of the U.S.

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Chamber Elects Don Shepard Chairman

Donald J. Shepard, who was elected U.S. Chamber chairman today, has never been one to back down from a challenge - not growing up as the son of a police officer in Cedar Rapids, Iowa, and not as a leader of a global insurance company. "Don is a competitor. He likes to win whether it’s business or h

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The 5 Commandments of Lobbying

Before attendees at America's Small Business Summit 2008 headed to Capitol Hill for meetings with lawmakers, U.S. Chamber of Commerce head lobbyist Rolf Lundberg conveyed to them the Top 5 commandments of lobbying, which were originally penned by Bruce Wolpe, author of "Lobbying Congress: How the S

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