Editor’s note: For American workers stepping up to provide COVID supplies, we don’t need to drop those contracts (like facemasks) as happened after SARS. Government procurement needs to (a) STOP the low-price contracts which are really pro-China contracts and (b) offer longer-term contracts to USA producers so we can build capacity here. Otherwise we won’t…
Editor’s Note: David Morse is the tax policy director at the Coalition for a Prosperous America Education Fund. Right now, Washington is preoccupied with efforts to support struggling U.S. businesses during the COVID-19 pandemic. Surprisingly, some companies that use tax havens to avoid paying U.S. taxes are trying to get their share of this relief aid…
Editor’s Note: Fox News features CPA Member, Xenex Disinfection Services CEO Morris Miller on using UV light to destroy coronavirus. Their UV LightStrike robot is a key component to reopening the economy. [April 29, 2020 | Fox News]
Excerpt: There’s little time to waste. America must bring back key industries from China. And we must enact an ambitious trade and infrastructure program to create millions of good-paying jobs, jumpstart the economy and make America stronger than we were before COVID-19. This makes sense, given the tremendous disruption caused by the coronavirus. Medical supplies are…
By Jeff Ferry, CPA Chief Economist Millions of people stuck at home are now using the Zoom videoconferencing application. Zoom claims 300 million daily users. But how many of those 300 million know that Zoom is a product that is made in China? Early this month, news emerged that Zoom software, produced by Zoom Video…
Editor’s note: Frank Dowd IV, the Chairman of CPA member Charlotte Pipe & Foundry, makes a compelling case for decoupling from China. The coronavirus has upended our world. In addition to the suffering and death, the U.S. will be left with millions of unemployed, billions in health-care costs and trillions in lost economic activity and…
CPA is working to keep you up to date on the CARES Act lending programs. Here is additional information that may help your business regarding the new Main Street Lending program and the previously announced Paycheck Protection Program (PPP). The PPP is the most popular lending program because the loan is forgiven as you pay…
This is an update on the Paycheck Protection Program which is part of the Small Business Interruption Loan Program within the recently passed CARES Act. CPA members with 500 or less employees can start applying as of last Friday, April 3. You can start applying through your local bank. We understand that some banks are…
By Steven L. Byers, PhD and Jeff Ferry The US is in the midst of a public health crisis and the country is struggling with shortages of essential health care supplies. In most cases, these shortages are linked to our excessive reliance on imported supplies, which are arriving in much smaller quantities than ordered, if…
Health, Security, Economic Benefits from Reshoring By Steven L. Byers, PhD and Jeff Ferry With the spreading coronavirus pandemic, Americans are becoming increasingly aware of our dependence on foreign sources for important pharmaceuticals and other health care products. The US is dependent on China for over one third of all the antibiotics we import, and…
