CPA Applauds Bills to Combat America’s Dependence on Foreign Pharmaceutical Supply Chains

WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded two critical pieces of legislation reintroduced by Senator Elizabeth Warren (D-MA) that seek to combat U.S. dependence on foreign pharmaceutical supply chains and boost domestic U.S. pharmaceutical manufacturing. CPA has long called for restoring domestic capability to manufacture essential generic drugs, personal protective equipment…

Biden Administration Undercuts Efforts to Rebuild U.S. Medical Supply Chains: Withdraws Proposal on WTO Government Procurement Agreement

WASHINGTON — The Coalition for a Prosperous America (CPA) today criticized the Biden administration for undercutting a campaign promise to ensure that U.S. taxpayer dollars would be used to spur investment in the U.S. rather than continue our dependence on foreign supply chains. According to Bloomberg, the Biden administration has withdrawn a World Trade Organization…

CPA Praises Biden’s Proposal to Tax Multinationals: A Major Breakthrough to End Corporate Profit Shifting

WASHINGTON — The Coalition for a Prosperous America (CPA) today praised a key proposal in the Biden administration’s Pillar 1 offer to the Organization for Economic Cooperation and Development (OECD) that would implement a Sales Factor Apportionment (SFA) for the top 100 multinational corporations. CPA has long called for implementing SFA and changing the way…

CPA Testifies at Commerce Department Forum on Crisis Facing U.S. Semiconductor Industry

WASHINGTON — The Coalition for a Prosperous America (CPA) today provided expert testimony during a virtual forum held by the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) titled, “Risks in the Semiconductor Manufacturing and Advanced Packaging Supply Chain.” The virtual forum is part of the Department of Commerce’s efforts to produce a…

CPA Applauds Legislation to Prohibit Federal Funds from Purchasing Chinese Solar Products

WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded the Keep China Out of Solar Energy Act introduced by Senators Rick Scott (R-FL), Marco Rubio (R-FL), Marsha Blackburn (R-TN), John Kennedy (R-LA), Tom Cotton (R-AR), Shelley Moore Capito (R-WV), Josh Hawley (R-MO), and John Barrasso (R-WY). The legislation would prohibit federal funds from being used to…

CPA Applauds Coons, Rubio Joint Resolution Condemning China’s Genocide Against Uyghurs

WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded Senators Chris Coons (D-DE), Marco Rubio (R-FL), Ed Markey (D-MA), Bill Hagerty (R-TN), Tim Kaine (D-VA), and Mitt Romney (R-UT) for introducing a resolution condemning the Chinese government and Communist Party’s genocide against the Uyghurs and other ethnic minorities in the Xinjiang Uyghur Autonomous…

Foreign Direct Investors will Love the Market Access Charge (MAC)

By John R. Hansen, CPA Advisory Board Would the MAC discourage foreign direct investment in the United States?  Some readers have suggested that capital being brought into the United States to finance greenfield foreign direct investment should be exempted from the MAC. We should not, they argue, do anything to discourage productivity enhancing investment in America’s manufacturing…