Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him on Twitter @michael_stumo. We’re now roughly two months into the global COVID-19 pandemic. Amid unprecedented economic disruption, Congress has already passed four pieces of bailout legislation at a cost of roughly $3.6 trillion. The spending is necessary, but one question keeps hanging in…
Editor’s Note: David Morse is the tax policy director at the Coalition for a Prosperous America Education Fund. Right now, Washington is preoccupied with efforts to support struggling U.S. businesses during the COVID-19 pandemic. Surprisingly, some companies that use tax havens to avoid paying U.S. taxes are trying to get their share of this relief aid…
Excerpt: There’s little time to waste. America must bring back key industries from China. And we must enact an ambitious trade and infrastructure program to create millions of good-paying jobs, jumpstart the economy and make America stronger than we were before COVID-19. This makes sense, given the tremendous disruption caused by the coronavirus. Medical supplies are…
Editors Note: Michael Stumo is CEO of the Coalition for a Prosperous America, a national organization based in Washington, D.C. Follow him at @michael_stumo. He wrote this commentary exclusively for the News Tribune. The coronavirus pandemic has revealed that globalized supply chains cause more risk than Wall Street has led us to believe. As a recent Senate…
Excerpt: The good news is that the United States doesn’t need to depend on China for its renewable energy supply chains. Instead, America should start matching China’s industrial strategy. And that means tapping our domestic mineral resources. It’s time to mine rare earth metals at home [Michael Stumo | March 8, 2020 | Dallas Morning News]…
Editors note: Zach Mottl is a member of the CPA board. Over the past two decades, Illinois has lost roughly 280,000 manufacturing jobs. And as those good-paying jobs have departed, so too have many longtime residents. Illinois has now lost population for five consecutive years, with 45,000 residents leaving in the last year alone. [Zach…
General Motors had a very good year in 2018. Op-ed by Jeff Ferry, Chief Economist of CPA, originally appeared in the Daily Mail West Virginia on Juanuary 4, 2019 You read that right, a good year. Maybe even an excellent year. The company’s third-quarter earnings knocked it out of the park. Wall Street was expecting…
Editor’s note: This article is posted because the UK’s trade deficit in goods was one reason voters approved Brexit last year. It parallels the trade deficit harm caused in the US. Excerpt: “One priority is a sustained effort to promote manufacturing, which provides well-paid jobs and is especially important in the Midlands, the north of England and Northern Ireland.…
In response to years of China’s predatory economic behavior, President Donald Trump’s administration recently imposed tariffs on $50 billion worth of high-tech Chinese goods. Beijing has now retaliated against America’s agricultural sector, prompting a $12 billion program from the U.S. Department of Agriculture for affected farmers and ranchers. Some in Washington are criticizing the USDA…
by Michael Stumo, CEO of CPA I was asked, after the US Trade Representative announced tariffs on another $200 billion of Chinese goods, whether I would admit that we are now in a trade war. Members of the CPA board asked me to share my response more widely. Here it is. —- Dear Bob: China…