Editors note: China’s subsidies continue in the form of buying equity stakes in private businesses, rather than let companies go bankrupt like they would here. Government-linked investors are knights in shining armor for cash-starved private enterprises [Shen Hong | September 30, 2019 | WSJ] However, while President Xi Jinping has centralized control more than his…
After an initial review of the various 2020 Democratic presidential contenders’ tax proposals, the CPA tax committee noted a lack of progress on corporate tax reform. Committee members subsequently voted on the remaining corporate tax proposals. By David Morse, Tax Policy Director The Coalition for a Prosperous America (CPA) believes corporate tax reform should stop…
Editors note: CPA supports this provision to exclude China bus makers from receiving US government money. Momentum is building in a congressional spending bill to ban Chinese firms from the U.S. public bus market. The provision is in the Senate version of legislation that is considered “must pass” in Washington and has the support of…
Editor’s note: The US should withdraw from the Universal Postal Union because the agreement forces us to subsidize shipping costs for Chinese imports so mail delivery is cheaper from Shanghai to Kansas City than from Georgia to Kansas City. An obscure, century-old global pact is at risk of losing its most important signatory—a shift that…
Editors Note: Koch globalists admit multimillion dollar campaign against tariffs failed. Couldn’t convince people that they were spending more on cars when people were not spending more on cars. The political network funded in part by billionaire libertarian Charles Koch is going to try a new strategy against President Donald Trump’s trade war with China after…
Editor’s note: Unbelievable! The EU is taking China’s side in China’s challenge to the Section 301 tariffs imposed due to intellectual property theft. Another reason that multilateral efforts to rein in China are a fantasy. The European Union last week rebutted several arguments the U.S. has advanced to defend its Section 301 tariffs on Chinese…
Editor’s note: The title of this article says it all It’s not often that you come across a book that completely transforms your understanding of the world. Just recently I’ve read two. One, Tom Holland’s Dominion concerns the debt we all owe — not just vicars and popes but atheists and social justice warriors —…
Editor’s note: Greg Autry is a member of CPA’s Advisory Board. On the morning after the 2016 presidential election, CNBC interviewed Peter Navarro, who had been an economic adviser to the Trump campaign and would soon join the administration to advise the president on trade and manufacturing policy. Navarro outlined President Trump’s economic plans: cutting taxes, reducing…
Editor’s note: This is an extremely important article by economist Richard Koo describing in very clear terms the relationship between exchange rates, capital flows, and the trade deficit. Publication: “International Economy, Summer 2019“. The takeaway is that until the US manages capital flows and exchange rates, we are destined to have trade deficits and deindustrialization forever. U.S. trade deficits were caused…
Editor’s note: The footage of Chinese soldiers herding Uighars with shaved heads and blindfolds is horrifying. CPA does not use the phrase “Nazi Germany”, but this China footage really looks like it. What happened to these people after being led away? Video shows what appear to be Uighur or other minority prisoners led away by police…