Growth in the U.S. goods trade deficit with China between 2001 and 2013 eliminated or displaced 106,000 jobs in Ohio, according to China Trade, Outsourcing and Jobs, a new study from the Economic Policy Institute. It found that trade with China has caused job loss in all 50 states and the District of Columbia,…
Contact: Sara Haimowitz, [email protected], 202.688.5145 For immediate release CPA Applauds Sen. Ben Cardin Progressive Consumption Tax Bill: Legislation Would Drastically Improve American Producers’ Trade Competitiveness The Coalition for a Prosperous America (CPA) applauds Senator Ben Cardin (D-MD) for introducing the Progressive Consumption Tax bill yesterday. The bill, if passed, would tremendously improve US trade…
WASHINGTON (Reuters) – A push by the White House to woo free trade skeptics on Capitol Hill will help bills through the next Congress, but lawmakers are unlikely to simply wave through legislation that holds the key to deals covering two-thirds of the world economy. President Barack Obama plans to advocate for a bill…
The holiday season is busy around my house. We listen to a lot of Christmas music, go to the theater for a movie or two, maybe catch a performance onstage, watch some Christmas specials on TV and visit with friends and family. Amidst all this commotion, I nearly overlooked an important event this…
Last month, I had the pleasure of interviewing Steve Blue, President of Miller Ingenuity, located in Winona, Minnesota. Winona is a medium-sized Midwestern town of under 30,000 people located on bluffs overlooking the Mississippi River in the southeastern corner of Minnesota across the river from Wisconsin. [by Michele Nash-Hoff | December 10, 2014 |…
Another former employee of United Technologies Corp. has been arrested by federal authorities and accused of trying to take sensitive documents relating to military aerospace programs to another country. [by Brian Dowling | December 9, 2014 | Hartford Courant] In a criminal complaint unsealed Tuesday at U.S. District Court in Bridgeport, authorities say that…
U.S. trade and investment agreements have almost always resulted in growing trade deficits and job losses. Under the 1993 North American Free Trade Agreement, growing trade deficits with Mexico cost 682,900 U.S. jobs as of 2010, and U.S.-Mexico trade deficits and job displacement have increased since then. President Obama promised that the U.S.-Korea Free…
The Congressional U.S.-China Economic and Security Review Commission has one job: to provide a realistic view of the relationship, unfiltered by diplomatic niceties. While some of its assessments may be overstated, it always contains important information, and this year’s report is especially sobering. [November 27, 2014 | Wall Street Journal Opinion] The bipartisan commission…
UNITED NATIONS – Now that President Obama has started his executive amnesty program to legalize five million low-wage workers, the White House and GOP leaders are discussing what essentially amounts to a jobs program that will benefit them. [by Curtis Ellis | December 3, 2014 | wnd.com] Obama met Wednesday with Sen. Mitch McConnell,…
Innovation is a central driver of growth. As a result, an increasing number of countries are seeking to become innovation leaders. Unfortunately, the methods that many choose are grounded in “innovation mercantilism”: a strategy that sees technology-based exports as the key to success while relying on distortive and protectionist tactics to achieve that goal. [Reposted…