Download e-book for kindle: What's Good for Business: Business and American Politics by Kim Phillips-Fein, Julian E. Zelizer

By Kim Phillips-Fein, Julian E. Zelizer

ISBN-10: 0199754012

ISBN-13: 9780199754014

This quantity showcases the main fascinating new voices within the fields of industrial and political background. whereas the media usually warns of the newfound strength of commercial on this planet of politics, the authors during this e-book display that enterprise has mobilized to form public coverage and govt associations, in addition to electoral results, for many years. instead of assuming that company effect is inevitable, the chapters discover the advanced evolution of this courting in quite a lot of diversified arenas--from makes an attempt to create a corporate-friendly tax coverage and laws that will paintings within the pursuits of specific industries, to neighborhood boosterism as a weapon opposed to New Deal liberalism, to the nexus among evangelical Christianity and the oil undefined, to the frustrations that company humans felt in struggles with public curiosity teams. The historical past that emerges convey company actors organizing themselves to impact executive in myriad methods, occasionally effectively yet different occasions with results a ways diverse than they was hoping for.

The bring about a picture of yank politics that's extra advanced and contested than it's always regarded as. The essays characterize a brand new development in scholarship on political economic climate, one who seeks to collapse the limitations that after separated previous subfields to provide a imaginative and prescient of the financial system as formed via politics and political lifestyles motivated through monetary relationships.

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What's Good for Business: Business and American Politics by Kim Phillips-Fein, Julian E. Zelizer PDF

This quantity showcases the main fascinating new voices within the fields of commercial and political heritage. whereas the media often warns of the newfound strength of industrial on the planet of politics, the authors during this e-book reveal that enterprise has mobilized to form public coverage and executive associations, in addition to electoral results, for many years.

Additional resources for What's Good for Business: Business and American Politics since World War II

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In January 1944, Bernard M. Joffe, an accountant, emphasized the merits of carryback in a lunchtime speech to a group of textile credit men in New York.  . ” One reason the measure deserved more scrutiny by business leaders, Joffe explained, was that the law stated that a change in a firm’s legal status, such as a shift from a 30 W h at ’s G o o d f o r B u s i n e s s ? corporation to a partnership, would cause it to lose access to the provision. 62 More generally, accountants stressed the potential economic value of the carrybacks to any company anticipating losses during reconversion.

However, thanks to income tax refunds of nearly $11 million, the company was able to report a respectable $6 million in financial net income for the year. 94 At dozens of other companies, the results were similar. General Motors actually made a bit of money in 1946, despite the trials of reconversion. But because its $88 million in profits for the year were lower than its EPT exemption allowance, General Motors was able to use carryback to generate a $60 million tax credit. S. tax law. By the early twenty-first The A dvantag e s o f Obs c ur i t y 37 century, the tax code provided a two-year carryback of net operating losses, along with a twenty-year carryforward.

Whose Pratt & Whitney division, a top producer of aircraft engines, put it at the heart of the American military-industrial juggernaut. In 1946, as many of its big war contracts ran out, United Aircraft suffered a net operating loss of $5 million. However, thanks to income tax refunds of nearly $11 million, the company was able to report a respectable $6 million in financial net income for the year. 94 At dozens of other companies, the results were similar. General Motors actually made a bit of money in 1946, despite the trials of reconversion.

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What's Good for Business: Business and American Politics since World War II by Kim Phillips-Fein, Julian E. Zelizer


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