U.S. Solar Sector Gets Huge Relief in Inflation Reduction Act of 2022
Solar tax credits will make up for some of the damage done to the Section 201 solar safeguards. But Congress beware: the U.S. can’t out-subsidize China.
Tax Provision in Reconciliation Bill would Limit Multinational Profit Shifting to Tax Havens
Yesterday, Senator Majority Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV) announced that they reached a deal on a reconciliation package that would change current U.S. tax law to benefit domestic American companies. The Inflation Reduction Act will implement a 15 percent Corporate Alternative Minimum Tax (CAMT) on foreign and American multinational companies with…
What the CHIPS Act Really Means for U.S. Semiconductor Manufacturers
CPA chief economist Jeff Ferry says the CHIPS Act is needed to counter China’s rise in the semiconductor space, and that the R&D component of the bill needs to include guardrails so American academia isn’t beta-testing and researching new chips in partnership with Chinese universities and companies.
CPA Demands Restoration of CHIPS Act Provision Preventing Taxpayer Funded Research from Benefitting China
WASHINGTON — The Coalition for a Prosperous America (CPA) today criticized the Senate for passing the $250 billion CHIPS Act after removing an anti-China security measure that would bar U.S. companies from manufacturing products in China, such as semiconductors, that were developed using federally funded research. Numerous U.S. government investigations, including the Section 301 investigation,…
House Foreign Affairs Committee Talks China Export Controls, CHIPS Act
Commerce Department official tells House Foreign Affairs of the urgent need for the CHIPS Act, and says department is looking into more export controls on China.
CPA Economists to Testify to USITC on How Tariffs Grow the Economy and Protect National Security
WASHINGTON — This morning, two economists from the Coalition for a Prosperous America (CPA) will testify in a U.S. International Trade Commission (USITC) hearing on how tariffs benefit American workers, domestic producers, and the U.S. economy. The USITC hearings will focus specifically on the Section 232 tariffs on specific industries, and the Section 301 tariffs…
The Importance of Tariffs on the U.S. Solar Market
By Amanda Mayoral This article is an expanded version of testimony delivered by Ms. Mayoral to the U.S. International Trade Commission on July 22, 2022. In his first State of the Union address, President Biden said “When I think about climate change, I think jobs”. I believe the president is correct about…
How Steel Tariffs Are Helping US Workers
This article is an expanded version of testimony delivered by Mr. Ferry to the U.S. International Trade Commission on July 22, 2022. The Section 232 steel tariffs have benefited the U.S. steel industry and its workforce American steelworkers earned an average of $117,200 last year, making steel one of the best-paying industrial sectors in…
Another Blow to U.S. Solar: Environmental Policies Fail as Reconciliation Flounders
U.S. solar industry getting little to no help from the Biden administration.
Cleveland Cliffs CEO Tells House Steel Caucus Globalization Has Failed
The Congressional Steel Caucus hears from steel industry executives on whether or not to keep tariffs in place. The answer was a resounding yes.