Smaller U.S. companies continue to pay a higher effective tax rate, stunting their growth and encouraging more offshoring by large multinationals The presidential election campaign is in high gear and both Donald Trump and Joe Biden are busy making their case to the American people. And clearly the economic toll of the COVID-19 pandemic has…
It’s time to repatriate manufacturing and mining operations. For years, Wall Street enthused about the merits of shifting manufacturing out of the United States. Globalists on Wall Street advocated a simplistic worldview: It doesn’t matter where things are made, cheaper is better. But they overlooked the impact this would have on America’s economic and national…
CPA’s note: Jeff Ferry is Chief Economist at the Coalition for a Prosperous America, a bipartisan coalition of business, labor, and farmers focused on restoring US prosperity. Follow him at @menloferry. President Trump is running behind his Democratic challenger in the polls. However, past polling has been badly wrong — we need only look as far…
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him on Twitter @michael_stumo. It’s not a stretch to say that President Trump has been a fervent champion of economic nationalism or that he’s actively confronted China’s predatory trade practices. As president, Trump has imposed 25 percent tariffs on a broad…
Editor’s Note: Jeff Ferry is chief economist at the Coalition for a Prosperous America (CPA). Follow him @Menloferry Currently, there are only two non-Chinese wireless network vendors, Nokia and Ericsson. [Jeff Ferry | July 2, 2020 | Industry Week] In the global competition for wireless networks, Chinese tech firm Huawei is now the world’s leader. The…
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him at @michael_stumo U.S. investors recently learned a hard lesson about Luckin Coffee, a strong rival to Starbucks in China. The company admitted that much of its 2019 sales had been fabricated. Luckin’s stock, which is listed on the Nasdaq, had…
Editor’s note: CPA board member Bill Parks concisely shows, in this Financial Times letter to the editor, why sales apportioned taxation fixes most of the important global and domestic taxation problems. In his new letter to European finance ministers, US Treasury secretary Steven Mnuchin (FT View, June 19) declared an impasse in talks to adopt…
Excerpt: The CPA Reshoring Index (CRI) reports some good news—that the share of American-made manufacturing goods consumed in the U.S. market jumped significantly in 2019. But can the nation sustain that growth, particularly in the wake of the coronavirus epidemic? But can the nation sustain that growth, particularly in the wake of the coronavirus epidemic? [Jeff Ferry…
Excerpt: The new bill that Sen. Baldwin introduced, the Country of Origin Labeling Online Act (COOL), would mandate a prominent country-of-origin description for all products sold online. In the wake of the COVID-19 pandemic, Americans are increasingly seeking out “Made in USA” options. This is logical, since federal law mandates that food, medicine, toys, and…
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America. Follow him at @michael_stumo The coronavirus pandemic has revealed a troubling truth: Global supply chains operated by stateless multinational corporations simply aren’t reliable. Americans are learning this in real-time as they see imports from China cut off, particularly for critical medicines and pharmaceuticals.…
