CPA member Phlow receives federal contract to produce COVID medicines Washington. The Coalition for a Prosperous America (CPA) today congratulated the Trump administration for awarding a $354 million contract for generic drug production to Phlow Corp., a Virginia-based drug manufacturer. Phlow, a CPA member, will begin producing prescription drugs and their raw ingredients, including some…
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him at @michael_stumo. The COVID-19 crisis has put an inordinate strain on the U.S. economy. And America’s workforce is clearly hurting. In the last six weeks, an astounding 33.5 million Americans have lost their jobs. [Michael Stumo | May 19, 2020 |…
Opposes congressional calls to suspend tariffs on COVID supplies Washington. The Coalition for a Prosperous America (CPA) this week sent a letter to U.S. Trade Representative Robert Lighthizer urging him to resist congressional calls to suspend tariffs on COVID-related supplies and equipment. CPA says that enabling more imports of medical supplies would shortchange U.S. producers and leave the…
Federal employees’ retirement funds will not be invested in Chinese stocks Washington. The Coalition for a Prosperous America (CPA) today applauded the Federal Retirement Thrift Investment Board for its decision not to invest government employees’ retirement money in companies based in China. CPA had actively urged the Trump administration to stop the Board’s plan to…
Legislation would help consumers identify safe, American-made products Washington. The Coalition for a Prosperous America (CPA) today praised the introduction of new, bipartisan country-of-origin labeling legislation by Sens. Tammy Baldwin (D-WI), Rick Scott (R-FL), Chris Murphy (D-CT), and Kelly Loeffler (R-GA). The new bill, the ‘Country of Origin Labeling Online Act’ (COOL), would mandate that…
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him at @michael_stumo. Manufacturers are stepping up during the pandemic—now it’s time for Congress to get trade policy right. [Michael Stumo | May 11, 2020 | Industry Week] As the tragic toll of the COVID-19 pandemic continues to rise, the United…
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…
20.5 million U.S. jobs lost in April Washington. Today’s jobs report shows a drastic collapse in overall U.S. employment. A record 20.5 million jobs were lost in April, propelling the nation’s unemployment rate up to 14.7 percent, a new post-World War II high. This morning’s “JQ-Instant” indicator, published by the Coalition for a Prosperous America…
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…
Sends letter critiquing contracts that favor subsidized imports Washington. The Coalition for a Prosperous America (CPA), whose members include manufacturers and agricultural producers throughout the United States, today sent a letter to Pete Gaynor, the administrator of the Federal Emergency Management Agency (FEMA). CPA’s letter urged Gaynor to revise FEMA’s focus on awarding “low price”…
