The US economy gained 661,000 jobs in September, far below the 1.4 million jobs added in August as coronavirus restrictions continue to lift, but it was enough to take another bite out of the unemployment rate. September unemployment declined to 7.9% from 8.4% in August, the Bureau of Labor Statistics (BLS) reported today. The Private…
Boost to domestic mining will reduce dependence on China Washington. The Coalition for a Prosperous America (CPA) today praised the Trump administration for issuing an executive order to secure domestic U.S. sources of critical minerals, including rare earth metals. The order will task the Department of the Interior with developing a program to fund domestic…
Requires securities issuers to disclose activities in Xinjiang, China Washington. The Coalition for a Prosperous America (CPA) today praised House passage of the Uyghur Forced Labor Disclosure Act of 2020 (H.R. 6270). The legislation, led by Rep. Jennifer Wexton (D-VA) along with Reps. Brad Sherman (D-CA), Eleanor Holmes Norton (D-DC), and Andre Carson (D-IN), would…
Bill would ban imports produced through forced labor Washington. The Coalition for a Prosperous America (CPA) today strongly praised House passage of the ‘Uyghur Forced Labor Prevention Act’ (H.R. 6210).The bill, which passed by an overwhelming 406-3 margin, would designate most goods produced in the Xinjiang Uyghur Autonomous Region of China as being manufactured through…
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…
Supports Federal Transit Administration challenge to China railcar contract Washington. The Coalition for a Prosperous America (CPA) today praised a Federal Transit Administration (FTA) call for American-made railcars in purchases by the Washington Metropolitan Area Transit Authority (WMATA). In a letter to WMATA General Manager Paul Wiedefeld, FTA Deputy Administrator K. Jane Williams urged the agency…
Ruling is latest evidence of failed global governance Washington. The Coalition for a Prosperous America (CPA) today condemned a World Trade Organization (WTO) ruling against U.S. tariffs on imports from China. The tariffs, imposed in March 2018 under Section 301 of U.S. trade law, addressed China’s longstanding practices of forced technology transfer, intellectual property theft,…
New federal rule could eliminate fraudulent product claims Washington. The Coalition for a Prosperous America (CPA) today praised the Federal Trade Commission (FTC) for strengthening its rules governing “Made in USA” product claims. CPA, which had actively pushed the FTC to update its policy on products sold in the United States, believes the new rule could…
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…