WASHINGTON — The Coalition for a Prosperous America (CPA) today praised the COVID relief package signed into law by President Joe Biden for including $10 billion in federal funding for the Defense Production Act (DPA). CPA supports reshoring supply chains in critical industries, including essential generic drugs and personal protective equipment (PPE). The COVID-19 pandemic…
By Michael StumoMarch 5, 2021InsideSources The past few years have seen a sea change in U.S. foreign policy. There is now bipartisan acknowledgment in Washington that China’s stunning rise to global preeminence has come at U.S. expense—and has cost the United States millions of good jobs along with critical manufacturing capacity. As a result, President…
America’s automotive industry has been rocked in recent weeks by a global shortage of computer chips. The problem has become so serious that GM has halted operations at three plants and Ford has curbed production of its big moneymaker, the F-150. Each company could lose several billion dollars in revenue this year. The automakers are scrambling to locate…
The new Biden administration faces a whirlwind of economic recovery challenges. The COVID-19 pandemic has wreaked havoc on the U.S. economy and millions remain unemployed. And thanks to Chairman Xi Jinping’s actions in China, along with former President Donald Trump’s use of unilateral economic leverage—including tariffs—Congress is fully aware that Beijing will not play by…
Americans are impatiently waiting for their chance to receive a COVID-19 vaccination. It’s estimated 70 to 85 percent of the nation will need to be fully vaccinated in order for the United States to return to “normal” living conditions. So far, however, only about three percent of the U.S. population has been fully vaccinated. Clearly, there’s a lot of…
Rosemary Gibson chairs the healthcare committee of the Coalition for a Prosperous America. She is the author of “China Rx: Exposing the Risks of America’s Dependence on China for Medicine.” Over the past year, the COVID-19 pandemic has claimed many American lives. Millions are still out of work. This is the public toll of the…
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,…
The rising dollar–35% in the past nine years–makes U.S. exports more expensive overseas. In March, the Federal Reserve was forced to act in order to avert an international financial crisis. With corporations around the world closing down at the start of the COVID-19 crisis, payments from customers stopped. Foreign companies needed funding to meet their…
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…
Clinton’s failed policy positioning China as world superpower This month marks 20 years since the U.S. Senate voted to approve “normalized” trade with China. It was a mistake that now threatens to help position China as the world’s superpower. [Michael Stumo | September 23, 2020 | Duluth News Tribune] At the time, President Bill Clinton…
