Media Coverage: CEO Of CPA Quoted In Inside US Trade Regarding Methodologies to Calculate Trade Deficit

Coalition for a Prosperous America CEO Michael Stumo told Inside U.S. Trade his organization supports the Trump administration’s “shift towards consistently removing the inaccuracies caused by including pass-through goods — or re-exports — from the trade data.” “While there can be inaccuracies in both calculations — as in many government statistics — the narrower Domestic Exports minus…

Trump Administration Considers Change in Calculating U.S. Trade Deficit

WASHINGTON—The Trump administration is considering changing the way it calculates U.S. trade deficits, a shift that would make the country’s trade gap appear larger than it had in past years, according to people involved in the discussions. [WILLIAM MAULDIN and DEVLIN BARRETT | February 19, 2017 |Wall Street Journal] The leading idea under consideration would exclude from U.S.…

As Tax Debate Heats Up, Lawmakers Struggle to Think of a Plan B

WASHINGTON—An uncomfortable question looms over the tax debate in Congress: What’s Plan B? [Richard Rubin| February 17, 2017 |Wall Street Journal] Border adjustment, a pillar of House Republicans’ tax proposal, is taking a beating. Big retailers are lobbying aggressively against the concept, which would tax imports and exempt exports. Senate Republicans have expressed views ranging from skepticism…