Editor’s note: The pressure is building for US dollar realignment to a trade balancing exchange rate. President Donald Trump’s calls for a weaker US dollar have received fresh support from the IMF, which says the currency is between 6% and 12% overvalued. IMF analysts also said the euro is undervalued by 8% to 18% for…
Among the various Democratic presidential contenders, there are a number of proposals for corporate tax reform. After reviewing all the candidates’ plans, we’ve identified the ‘Top 5 Democratic Tax Reform Proposals.’ By David Morse, Tax Policy Director The Coalition for a Prosperous America (CPA) believes corporate tax reform should stop discrimination against domestic companies versus…
Editor’s note: Tariffs work. Total losses of 5 million represent 3.4 per cent of total employment in the sector, according to China International Capital Corp Total is equal to 0.7 per cent of China’s overall labour force, but excludes the effects of May’s US tariff increases on US$200 billion of Chinese goods [Frank Tang |…
Editor’s note: The Tax Cuts and Jobs Act was supposed to increase investment by US multinationals here, but it instead increased investment by those companies in other countries. The reason seems to be that the act exempted the income of foreign subsidiaries from federal taxation. U.S.-based multinational companies devoted more capital investment money to foreign…
Editors note: The retrospective analysis on where we went wrong by engaging with China continues. For decades U.S. politicians and analysts told us economic growth in China would spur liberalism. Denying that fact could lead to more big mistakes. [Hal Brands | July 23, 2019 | Bloomberg] Did U.S. policymakers in the 1990s and 2000s really believe…
Editor’s note: We agree the USMCA is likely to pass this year. CPA has taken no position as of yet. The USMCA improves upon NAFTA in certain important respects but does not address country of origin labeling for meat. Also the enforceability of labor provisions are not yet clear. Rep. Henry Cuellar (D-TX), the House…
Elizabeth Warren released an “economic patriotism” jobs plan recently that takes two bold positions. First, it emphasizes manufacturing as the key driver of middle-class job creation in the U.S. And second, it presents concrete proposals to actually rebuild domestic American manufacturing. This distinguishes her from other Democratic presidential contenders who are merely preoccupied with raising…
Editors note: This is an excellent result that CPA has been working on for some time. The effort threatens to further fray trade talks with China, which wants to become a global player in transport and is already fuming over the U.S. decision to blacklist telecommunications giant Huawei Technologies Co. [Trefor Moss and Lindsay Wise |…
Across-the-board China tariff would produce more jobs, increased GDP Washington. The Coalition for a Prosperous America (CPA) today released the results of an updated studyon the impact of a permanent 25 percent across-the-board tariff on all imports from China (PATB-25), showing such a tariff would stimulate growth in GDP and jobs in the US economy.…
Editors note: CPA’s work on currency is gaining steam. Exchange rates are, as we advocate, the next front in the trade skirmish. Foreign-exchange strategists say the risk of a U.S. move to weaken the dollar has risen after Treasury Secretary Steven Mnuchin said there’s no change in the nation’s currency policy “as of now.” [Alyce…
