Washington. The following statement can be attributed to Michael Stumo, CEO of the Coalition for a Prosperous America. “CPA is very disappointed with Speaker Pelosi’s actions to prevent a vote on WTO withdrawal today. The WTO agreement voted upon by Congress in 1994 provided for a guaranteed vote every five years in the House and the…
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…
Washington. The Coalition for a Prosperous America (CPA) today praised a new Senate resolution calling on Americans to buy domestically produced goods. The bipartisan resolution, introduced by Sens. Rick Scott (R-FL) and Tammy Baldwin (D-WI), urges support for U.S. manufacturers and their workers. Co-sponsors include Sens. Kelly Loeffler (R-GA), Chris Murphy (D-CT), Mike Rounds (R-SD), Shelley…
Committee established to investigate fraudulently listed stocks Washington. The Coalition for a Prosperous America (CPA) appreciates President Trump’s recent executive order establishing a Presidential Working Group to stop Chinese companies from flouting U.S. securities laws. CPA has actively protested the preferential treatment given to publicly traded Chinese companies that are allowed to hide financial information…
Job Quality Index and average wages improved—but for “wrong” reasons Washington. The latest monthly jobs report shows a surprising increase in U.S. non-farm payroll employment for May. Overall employment rose by 2.5 million jobs, with the unemployment rate declining to 13.3 percent. An evaluation of the data by researchers at the Coalition for a Prosperous…
House Subcommittee ignores funding of sanctioned Chinese companies, overlooks violations of U.S. securities laws Washington. The Coalition for a Prosperous America (CPA) this week sent a letter to Rep. Gerald E. Connolly (D-VA) expressing concern over his investigation of a decision to withhold federal employees’ retirement money from Chinese companies. Connolly, the Chairman of the House…
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…
First report shows strong reshoring growth in 2019 Washington. The Coalition for a Prosperous America (CPA) today launched its CPA Reshoring Index (CRI) to track the success of the U.S. manufacturing sector in meeting the demands of America’s home market. For 2019, the Index came in at 59, indicating that U.S. manufacturing production increased its…
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.…
