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
By Kenneth Rapoza, CPA Industry Analyst Why reshoring and near-shoring are better for the environment in the near-term. Globalization is an environmental headwind. If climate change risks are going to be measured in most policy decisions made in the Biden Administration, then the environmental impact of transoceanic shipping should be part of the equation.…
Electric vehicles are said to be the next big thing, and the next sure thing in automotive. How will the US fare? Nissan leads the pack. Tesla is second. We have three startups that show promise. Meanwhile, China is gaining and setting itself up to be an indispensable part of the EV automotive supply chain.…
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 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…
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…
By Kenneth Rapoza, CPA Industry Analyst If you want to do business with the Department of Defense and NASA, for example, you will now have to make sure there’s not a hint of Chinese telecommunications equipment and video surveillance equipment anywhere in your building, or used by your vendors. Made in China components and key…
By Kenneth Rapoza, CPA Industry Analyst Latest move to protect US solar manufacturers irks the Made in China importers who have vowed to fight it. President Trump’s latest salvo to the US solar industry on Saturday is an example of domestic trade policy put into action. The President rightly acknowledged a loophole in the 2018…
