By Jeff Ferry, CPA Research Director It may have been obscured by the looming State of the Union address, but there was quite a kerfuffle in Washington recently. Clinton-era Treasury Secretary Larry Summers went semi-ballistic over comments made by his successor, Steven Mnunchin. During the recent World Economic Forum in Davos, Treasury Secretary Mnuchin made…

Washington ~ President Trump’s first State of the Union speech continued his administration’s “America First­­­” approach. Specifically, the president addressed a new trade policy in which “the era of economic surrender is over.” The Coalition for a Prosperous America’s (CPA) Chairman, Daniel DiMicco said “The President’s speech was very powerful and spoke to the real…

America has also finally turned the page on decades of unfair trade deals that sacrificed our prosperity and shipped away our companies, our jobs, and our Nation’s wealth. Originally appears on WhiteHouse.Gov STANDING UP FOR AMERICAN INTERESTS: President Donald J. Trump is standing up for American interests and protecting American economic and national security by…

After my article, “Should We Allow the Chinese to Buy Any U.S. Company They Want?” was published January 9th, I was made aware that AXIOS published an article by Steve LeVine on January 10th that provided data from MacroPolo showing that the amount of Chinese investment in the U.S is far greater and more dangerous that…

The Senate and House, with the backing of the White House, are working on bipartisan legislation to broaden the authority of the Committee on Foreign Investment in the U.S., a multi-agency body that has oversight of deals that could lead to the transfer of sensitive technology to rival countries. The current CFIUS statute doesn’t single out…

At the beginning of the week, the President issued two Proclamations providing safeguard relief to the domestic solar cell industry and to the large residential washing machine industry.  These Proclamations followed investigations by the U.S. International Trade Commission pursuant to section 201 of the Trade Act of 1974, as amended (19 U.S.C. 2251 et seq.),…

For too long, America has been led by a naive embrace of free trade that overlooks the predatory behavior of our trade competitors. Widespread trade cheating and poorly designed trade deals have led to persistent U.S. trade deficits causing job losses, manufacturing decline and income stagnation. [Michael Stumo | January 24, 2018 | USA Today]…

“Reprinted from Tax Notes, November 27, 2017”   By Jeff Ferry, CPA Research Director The U.S. corporate income tax system is failing to deliver for the government and taxpayers. Receipts are falling steadily as a share of corporate profits as corporations exploit loopholes to shift profit out of the reach of the IRS. Sales factor…

Over my two decades of writing about economics, I’ve devised a list of simple maxims that I’ve found generally hold true. One is that history repeats itself. If one country tumbled into a financial crisis, there is a very good chance another, facing similar conditions, will as well. A second rule: What doesn’t work, doesn’t work.…

Tinkering with Interest Rates Will Not Make America’s Economy Great Again! By John R. Hansen, CPA Advisory Board In his New York Times article on January 9 (As Economy Strengthens, Fed Ponders New Approach), Mr. Appelbaum notes the rising dissatisfaction both outside and inside the Federal Reserve with America’s current monetary policy. For example, at the…