Tariffs and Tax Credits Driving a New Manufacturing Boom

Key Points: This article reviews the last five years of federal government manufacturing policy, including tariffs and tax credits, finding positive effects on rebuilding U.S. manufacturing. Single-country tariffs on imports from China have reduced U.S. dependence on China, with modest impact on reshoring U.S. manufacturing. Global tariffs such as those on steel and washing machines…

CPA Applauds Bipartisan Ways and Means Committee Vote on Solar CRA

Bill Now Heads to Full House Floor WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement after the House Ways and Means Committee, in a bipartisan vote of 26–13, passed legislation (H.J. Res 39) introduced by U.S. Representatives Bill Posey (R-FL) and Dan Kildee (D-MI) that will repeal President Biden’s Solar…

POLL: Strong Majority of Voters Support Congress Passing Solar CRA

Voters are Opposed to Biden Administration’s Solar Emergency Declaration that Protects China’s Illegal Trade Activity 91% of likely voters think it’s important to have a domestic supply chain for solar energy and to produce solar equipment in the U.S. 80% of likely voters, including 76% of Democrats and 77% of Independents, are concerned that the…

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…