The Broken Tax System: Is It Hurting American Domestic Business? Discussing economic implications, revenue streams and corporate tax avoidance. David Morse, the tax policy director for CPA sheds some light on Sales Factor Apportionment and why it’s needed. Watch episode 3: Trade
CPA sent the following letter to President Biden asking that he take into consideration three suggestions to ensure the strongest Buy American provisions possible. Dear President Biden: The Coalition for a Prosperous America (CPA) would like to reiterate our thanks following our press release last week supporting your Buy American Executive Order (EO).[1] Your emphasis…
WASHINGTON—A broad coalition of industry organizations and labor unions, representing a broad spectrum of manufacturers and workers who stepped up to make essential PPE and other products throughout the COVID-19 pandemic, sent a letter today to President Biden and congressional leaders outlining recommendations on specific policy initiatives that must be adopted to re-establish a permanent…
By Steven L. Byers, PhD, and Jeff Ferry The CPA Reshoring Index (CRI) rose to +173 in the first quarter of 2020, indicating that US manufacturers gained 1.73 percentage points of market share in the US market for manufactured goods. Import penetration in US manufacturing in the first quarter fell to 28.9%, its lowest level…
According to a new CPA analysis, a Congressional five-year $1.5 trillion infrastructure investment plan could create 2.5 million jobs by 2025 while bringing sorely needed improvement to the nation’s deteriorating infrastructure. However, the analysis finds that a quarter of the spending would go on imported materials and supplies. The same infrastructure plan implemented under a…
CPA Trade Counsel argues that if not for tariffs, Volvo wouldn’t be making cars in Charleston. We’d have Buick Envision-type deals of Detroit automakers making in China instead.
By Jeff Ferry, CPA Chief Economist Joe Biden is getting lots of advice from many quarters for his new administration. But last week he got some from an unexpected quarter: Bob Swan, CEO of Intel, published an open letter urging Biden to pursue a national manufacturing strategy for the US semiconductor industry. “Rising costs and…
Sends letter to U.S. Trade Representative in support of Section 301 Trade Case Sends letter to U.S. Trade Representative in support of Section 301 Trade Case Washington. The Coalition for a Prosperous America (CPA) has submitted comments to the Office of the U.S. Trade Representative (USTR) in support of an investigation into Vietnam’s deliberate currency undervaluation.…
By Kenneth Rapoza, CPA Industry Analyst Score one for the local pharmaceutical industry. FDA’s essential medicine and critical inputs list gives domestic producers a a sense of exactly what government procurement contracts will place under Buy America provisions. The Food & Drug Administration released a massive list of essential medicines and critical inputs on Friday…
By Charles Benoit, CPA Trade Counsel By Charles Benoit, CPA Trade Counsel By the end of 2020, thousands of Chinese electric cars will have descended onto American streets. Everyone who buys one gets a $7,500 tax credit courtesy of Uncle Sam. But if you want to buy a current American-made electric car, like a Tesla…
