House Ways & Means Committee Argue Over China, Inflation Reduction Act
Will the Inflation Reduction Act further solidify Chinese multinationals as the indisputable champions of global ‘green tech’ manufacturing?
Will the Inflation Reduction Act further solidify Chinese multinationals as the indisputable champions of global ‘green tech’ manufacturing?
Rep. Jason Smith puts globalist companies on notice for profit shifting. Says Chairmanship at House Ways & Means will focus on “shoring up” supply chains.
Shein’s Fast Fashion business reminds me of the barker in Pinocchio, (to paraphrase) “Get your tank tops, dress, sweaters, and t-shirts! Buy all you can! Be a glutton! Stuff your bags! Hurry, hurry, hurry, hurry!” Who could imagine that a small order-fulfillment Chinese company with almost no garment manufacturing experience would become the world’s largest…
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded the selection of U.S. Representative Jason Smith (R-MO) to serve as the Chairman of the House Ways and Means Committee for the 118th Congress. The powerful committee has jurisdiction over tax and trade issues. As Bloomberg reported, “Smith, who advocates positioning the GOP as…
Urges Biden Administration to Robustly Enforce U.S. Trade Policy WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded an announcement by First Solar, the largest American solar manufacturer, that it plans to invest up to $1.2 billion in scaling production of American-made, responsibly-produced photovoltaic (PV) solar modules. As first reported by The Wall…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement applauding two provisions in the Inflation Reduction Act (IRA), which was signed into law by President Joe Biden today. Specifically, CPA is supportive of the provision that reduces our reliance on China by providing tax credits for the domestic solar manufacturing supply…
CPA’s Model Tariff Schedule Shows Industrial Policy can Boost U.S. Economy, Domestic Manufacturing, and Wages WASHINGTON — The Coalition for a Prosperous America (CPA) today released the results of a new economic model, the CPA Model Tariff Project, that shows substantial benefits in growth and jobs from a broad-based implementation of additional tariffs on all…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement in support of the 15% Corporate Alternative Minimum Tax (CAMT) included in the Inflation Reduction Act. The CAMT would impact multinational corporate groups that have $1 billion in yearly profits over an average of three years and do not pay at least…
CPA tax policy director, David Morse, explains why mostly-domestic companies with over a billion in profits might get a more even playing field with rivals who use profit shifting, offshoring, to pay less taxes.
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement applauding a provision in the Inflation Reduction Act that would provide tax credits for domestic production of multiple stages of the solar supply chain, including modules, photovoltaic cells, and solar-grade polysilicon. The provision resembles legislation introduced last year by U.S. Senator Jon…