As the world gets more technologically advanced, so do we. Receive articles, videos, and other content about new FedEx services and technology solutions to keep your company ahead of the curve. Additionally, we know that small businesses are the backbone of the world's economy, and we will provide content that spurs conversation on their unique needs.
Syndicate content

The State of Our Union – Action Needed

govt master_k12781_blog.jpg

In his State of the Union address, President Barack Obama outlined an ambitious agenda to overhaul the U.S. tax code, produce more domestic and alternative energy, rebuild our infrastructure and expand international trade.

This endeavor must start with the long overdue task of restructuring the corporate tax code, stuck at 39 percent for far too long (35% federal + 4% state) and putting American companies at a competitive disadvantage versus our economic peers. Washington should build on the momentum from earlier this year when policymakers addressed individual tax rates. As the President correctly noted, this will not be easy. However to create more jobs, it is imperative that we create an environment that encourages investment and a 39 percent corporate tax is not the answer. This fix must be a part of any reform package.

On the issue of energy, the President endorsed a key priority of FedEx Chairman Fred Smith and the Securing America’s Future Energy organization – creating an Energy Security Trust Fund to support research and development to end U.S. dependence on foreign sources of energy. The U.S. transportation sector is responsible for some 70 percent of fuel demand, which is far too high. While the United States must find more domestic sources of oil, we have to find workable alternatives too. The FedEx team has been working hard to introduce alternative energy vehicles as part of our fleet and we have pressed for a national strategy for energy security so that we have a vibrant economy and reduce our reliance on foreign oil.

Alongside a more efficient transportation fleet, the country needs to upgrade and modernize our infrastructure. The President’s “Fix It First” Program is a good step towards fixing our roads and bridges that are the backbone of our economy. Further on the infrastructure front, we must have close public-private collaboration to protect other parts of our critical infrastructure from cyber and hacking threats – whether it’s our air traffic control system, the energy grid or our computer networks with important intellectual property.

I was also encouraged by the President’s comments on free trade, including plans to wrap up negotiations for a treaty with nearly a dozen Asia-Pacific and North American partners, which represents some 40 percent of global trade. Further, clinching a new free trade pact with one of our biggest and most important partners, the European Union, would be a further boost to our economy. The Chamber of Commerce estimates that more than 38 million American jobs depend on trade.

fedex van

Comments (0) 

* Required fields

All comments are moderated. Comments will appear as soon as they are approved by the moderator. We will not post comments if they are defamatory, spam, off-topic If you do submit a comment, you warrant that it is your own original work, that it is not defamatory or offensive and does not infringe any law.
* Required fields
  • You may embed videos from the following providers . Just add the video URL to your textarea in the place where you would like the video to appear, i.e.
  • You may use <swf file="song.mp3"> to display Flash files inline

Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.

About This Blogger