Editors note: CPA has previously praised Peter Navarro‘s action fixing the requirement by the Universal Postal Union that the US subsidize the delivery of small packages coming in from China. A recent deal to reform global mail delivery shows that a strong, principled negotiation strategy gets results. [Peter Navarro | October 15, 2019 | NY…
Editors note: The China/Amazon/FedEx strategy finally comes to light as a major story. The de minimis loophole must be closed. And can be partially closed by administration action. CBP chose to give priority to Sec 321 (the de minimis authority stupidly expanded by Congress) over the 301 duties but did not have to. And more…
After an initial review of the various 2020 Democratic presidential contenders’ tax proposals, the CPA tax committee noted a lack of progress on corporate tax reform. Committee members subsequently voted on the remaining corporate tax proposals. By David Morse, Tax Policy Director The Coalition for a Prosperous America (CPA) believes corporate tax reform should stop…
Editor’s note: The massive phantom foreign direct investment described in this article shows why CPA’s proposal for sales factor apportionment is needed for the US tax system. If companies were taxed, as we propose, on profits from sales in the US, shifting their profits to shell companies other countries would no longer benefit them. Empty…
Editors note: Another reason sales factor apportionment tax is needed. Capital flows for tax avoidance and profit shifting purposes should not exist. Tax profits based upon destination of sales rather than origin of income, which is manipulated. Study into global FDI finds nearly 40% of flows used as vehicle for financial engineering [Martin Sandbu |…
By Steven L. Byers, PhD U.S. Senators Tammy Baldwin (D-WI) and Josh Hawley (R-MO) recently introduced a bipartisan bill (Senate Bill S.2357) to realign the US dollar exchange rate to make U.S. exports more competitive, boost American manufacturers and farmers, and reduce our trade deficit. The Competitive Dollar for Jobs and Prosperity Act would manage the U.S…
Editors note: Roger Simmermaker is a CPA member. The old Washington consensus on free trade was bipartisan. We are forging a new bipartisan Washington consensus on a trade strategy that wins the global competition for good jobs and industries. Exclusive: Roger Simmermaker explains manufacturing stimulates economic growth [Roger Simmermaker | August 10, 2019 | WND]…
Editors’ note: This is an important and clear article by respected journalist Matthew Klein supporting the Baldwin/Hawley Competitive Dollar for Jobs and Prosperity Act. However, CPA does not want to “forget tariffs” because they are essential to address trade cheating, to conduct industrial policy to improve the composition of trade, and to address bad actor…
Editors note: Conservative opinion leaders are starting to focus on the need for a competitive dollar. Senator Josh Hawley (R-Mo.) has wasted very little time in becoming one of the most important senators in this new freshman class. [Rachel Bovard | August 3, 2019 | American Greatness] From introducing provocative legislation to go after Big…
Editors note: Professor Michael Pettis wrote the book called “The Great Rebalancing” and is a core expert on global trade and balances. He is supportive of the Competitive Dollar for Jobs and Prosperity Act recently introduced by senators Baldwin and Hawley. A bipartisan bill that would create a trade-balancing exchange rate for the dollar also aims to reduce…