By Jeff Ferry, CPA Chief Economist Last year, the US raised the share of domestic demand for manufactured goods met by US production for the first time in six years. The CPA Reshoring Index shows a positive score of 59 basis points (bp) for 2019. It’s only the fourth positive figure since the data begins,…
By Kenneth Rapoza, CPA Industry Analyst Why are we dependent on China’s pig population for a critical animal source material used in making heparin? Bovine heparin is the way to ween ourselves from that part of the medical supply chain, currently over-reliant on China. It is found in hospital crash carts, is one of the…
CPA’s Take : China is planning to spend over $1 trillion on catching up to the US in technology, especially chipmaking. The US must make spending and investing in a US-based chip industry a high priority, starting now. CPA’s Take: China is planning to spend over $1 trillion on catching up to the US in…
In this article, published in Tax Notes Federal on Sept 21, 2020, CPA Chief Economist Jeff Ferry and CPA Board Member Bill Parks analyze the federal corporate tax paid by the S&P 500 companies in 2019 and find they paid on average less than 9% in cash federal tax last year. The authors compare it…
By Kenneth Rapoza, CPA Industry Analyst Is the sugar substitute stevia being harvested and produced through forced labor in China? Homeland thinks so. And Customs & Border Protection agrees. The US Department of Homeland Security said on Tuesday that some of the sugar substitute stevia that comes from China is being harvested and packed by forced…
By Kenneth Rapoza, CPA Industry Analyst Peter Navarro spoke with the Hudson Institute’s Michael Pillsbury and said economic nationalism is the only way to protect American manufacturing from China. He’s also listed what he calls China’s “Seven Deadly Sins”. White House Trade and Manufacturing Policy director Peter Navarro had a lot of choice words on…
By Michael Stumo In 2019, a House resolution established a bipartisan “Select Committee on the Modernization of Congress” that sought to make Congress more efficient and transparent. Recently, the Committee offered a lengthy list of recommendations to improve everything from staff pay and mailing procedures to cybersecurity and communications systems. However, amidst various mundane proposals…
David Morse is tax policy director at the Coalition for a Prosperous America Education Fund. Follow him on Twitter @CentristinIdaho. There was a lot of fuss in late 2017 when Congress passed the Tax Cut and Jobs Act (TCJA). The legislation was expected to significantly revamp America’s tax system — and hopefully tackle the thorny…
CPA’s Take: Roger Simmermaker has written multiple books on buying American and trade policy since 1996, and has been a CPA member since 2017. Both presidential candidates are trying to out-tough each other on China. Both have “Buy American” proposals, and agree somewhat on “Buy American” and trade policy. [Roger Simmermaker | October 2020 | WND.com]…
On Oct. 6th, CPA testified at a hearing of the US International Trade Commission on trade agreements. We focused on the failure of economic models to accurately forecast the impact of trade agreements on the US economy. We demonstrated how modifications of the standard economic model for trade can make the model more accurate. We…