David Morse \ June 2021 \ MarketWatch Every year, dozens of large multinational corporations generate enormous profits in America’s lucrative consumer market. But thanks to clever profit shifting, they’re able to avoid paying much of their U.S. corporate-tax obligations. In fact, a study by the Coalition for a Prosperous America (CPA) found that America’s 500…
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded the Senate passage of Senator Tammy Baldwin’s (D-WI) COOL Online Act, which would mandate that country-of-origin labeling (COOL) be clearly and conspicuously stated in any website description of a product. This would protect Americans’ right to know where the products they buy are made…
James Stuber \ June 6, 2021 \ The Gazette One significant result of the COVID-19 pandemic is that U.S. consumers have become more interested in buying American-made products. Recent polling shows that 40% of consumers will no longer buy anything made in China. This is good news for America’s manufacturers because the poll also found…
Greg Owens \ June 7, 2021 \ Industry Week The COOL bill would mandate prominent disclosure of where a product is produced, for all online retailers. Amazon has been in the news of late due to concerns over its workplace conditions. But Americans now have another reason to be apprehensive about Amazon and other e-commerce…
Most Americans would be shocked and angered to learn that the same Chinese companies currently building weapons to threaten U.S. troops are also simultaneously raising money in U.S. financial markets. And even more disturbing, Wall Street continues to help the Chinese Communist Party access U.S. financial markets and exploit unwitting American investors. In late 2020,…
via Morning Consult President Joe Biden’s address to Congress made an ambitious case for building America’s clean energy future. Not only did the president pledge to create “millions of good-paying jobs,” but he aimed for all of his proposed advances in electric vehicles and renewable energy to be “made in America.” Helpfully, Biden even acknowledged the complexity…
By Michael Stumo American workers pay personal income taxes to the governments of states they work in. But corporations often avoid paying corporate taxes on the profits from earnings in the United States. That’s because multinational corporations and their army of lawyers find imaginative ways to make it appear that an embarrassingly large share of…
CPA sent the following the letter to U.S. Trade Representative Katherine Tai urging that the emphasis on the transition to and growth of domestic “green” industrial production is the same as the intensity and dedication given to achieving climate goals. Dear Ambassador Tai: We appreciate your recent remarks at an event titled “Greening U.S. Trade…
[David Morse | April 6, 2021 | Inside Sources] There was a surprising moment of levity at a recent Senate Finance Committee hearing. And it came in the midst of a rather dry discussion on U.S. tax policy. In an exchange focused on obscure provisions of the 2017 Tax Cuts and Jobs Act (TCJA), Sen. Tom…
President Biden is showing that he’s serious about his pledge to “Build Back Better.” His new $2.3 trillion “American Jobs Plan” offers a blueprint for both investing in the nation’s infrastructure and rebuilding U.S. manufacturing. Now, it’s Congress’s turn to weigh in on the specifics of the president’s proposal—and how to pay for it. If…
