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…
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,…