Chinese Manufacturers Could Earn Up To $125 Billion in U.S. Renewable Energy Tax Credits

U.S., European, and Chinese solar equipment manufacturers have rushed out announcements of investment in factories to make U.S. solar panels and related equipment since the Inflation Reduction Act (IRA) was signed into law last year. The tax credits designed to spur a move to solar energy are generous and the U.S. could soon be producing…

Job Quality Index Edges Up, High-Quality Job Industries Contract Employment

WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) edged up by 0.17% in February to 83.82, reflecting slightly faster growth in high-quality jobs than low-quality in the month. Contributing to the rise in the index was an increase of 61,500 jobs in health care and social…

Secretary Janet Yellen

U.S. Treasury Continues Undoing of Inflation Reduction Act

On Friday, March 31, the U.S. Treasury launched their latest torpedo targeting the Inflation Reduction Act’s domestic manufacturing policies. This time, it’s over what countries have a “free trade agreement” with the United States. This is actually universally understood fact: there are twenty countries. But to grow the list beyond the twenty, so as to…

Cornell Study Confirms: Importing Chinese Solar Exacerbates Climate Change

Boosting Domestic Solar Manufacturing Would Gut Greenhouse Gas Emissions by 30% WASHINGTON — A recent study by Cornell University researchers confirms that reshoring the solar supply chain and boosting domestic solar manufacturing would significantly cut greenhouse gas emissions by 30%. “If reshored PV manufacturing is achieved by 2035, the estimated GHG emissions and energy consumption…

CPA Urges Biden Administration to End Suspension of Tariffs on PPE Imports

America needs to be prepared for the next health crisis WASHINGTON — The Coalition for a Prosperous America (CPA) urged the U.S. Trade Representative (USTR) Katherine Tai to reimpose tariffs on imports of personal protective equipment (PPE). Specifically, CPA opposes the continuation of COVID-related exclusions for 81 medical care products. In a submission to Ambassador…

Tesla American

Treasury Takes Car Buyers and Congress For a Ride

Last August, President Biden signed the Inflation Reduction Act, a sweeping bill that has already led to tens of billions in private investment into U.S. manufacturing. But the U.S. Treasury department’s haphazard, inchoate implementation of the electric vehicle purchasing tax credits has led to consumer chaos and uncertainty in the new car market. Worse yet,…

CPA Applauds Bipartisan Letter Urging Biden Administration to Take Action Against Mexican Steel Surge

Dramatic Increase Violates 2019 U.S.-Mexico Agreement WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded Senator Tom Cotton (R-AR) for leading a bipartisan letter to Secretary of Commerce Gina Raimondo and U.S. Trade Representative Katherine Tai urging them to take action against Mexico’s blatant and continuing breach of a 2019 agreement to lift…