We Need to be Better at Industrial Policy

We Need to be Better at Industrial Policy By Amanda Mayoral, CPA Economist   Industrial policy is critical to competing in a global economy and maintaining our national security. In the world of U.S. economic policymaking, we need to stop wasting time debating whether to “do” industrial policy and rather debate how to improve it.…

Intel Memory Deal Must Be Re-Examined For China Tech Transfer Threat

Last year, America’s largest chipmaker, Intel, agreed to sell its memory chip business to South Korean memory chipmaker SK Hynix for $9 billion, part of the routine musical chairs of tech companies repositioning their assets. But in the past month, disturbing reports have emerged that China may be imposing forced technology transfer on these companies…

The Trade Deficit is Worse Than We Thought: De Minimis Hides $128 Billion of U.S. Imports

            Summary: This is the first ever estimate of substantial missing import data due to the U.S de minimis program. The “de minimis” provision of U.S. customs law allows imports valued at less than $800 to enter the U.S. duty-free. The impact of de minimis on the U.S. economy is large and getting larger. We…

Alternative Pillar 1 Formulas for International Fairness

by Jeff Ferry and David Morse Jeff Ferry is chief economist and David Morse is tax policy director at the Coalition for a Prosperous America. They thank Mary Hollenbeck for her data collection and additional research for this article.In this article, Ferry and Morse examine the advantages and disadvantages of pillar 1 of the OECD…

JQI Rises Slightly Amid Disappointing Monthly Job Growth

WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) rose marginally to 81.17 in December, up 0.08% from the previous month, reflecting slightly faster growth in high-wage jobs than low-wage in the month. The small rise of the JQI was driven mainly by growth…

Trillion-Dollar Capital Flows Into the U.S. Are Driven By Tax Avoidance, Trading, and a Tiny Bit of Real Investment

Global capital flows are the driving force behind the rise of the dollar, which rose 3.9% in 2021. In the last ten years, the dollar is up 25.5%[1]. The US attracts capital for many reasons, including tax avoidance, speculative trading, and a relatively small amount of genuine investment. The deregulation of financial markets in the…

U.S. Trade Policy: Over Half a Century of Unreciprocated Tariff Cuts

U.S. Trade Policy: Over Half a Century of Unreciprocated Tariff Cuts By Amanda Mayoral, CPA Economist   Summary Points: The US held high tariff rates from 1816 until the middle of the 20th century The US then cut tariffs more than most countries, often unilaterally, without also requiring tariff reductions by others Today, the US has…