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…
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…