The following is a letter from Rep. Mark Pocan and others to Rep. Sander Levin expressing concern about the TPP and Fast Track Authority. The letter can be found here. June 7, 2013 The Honorable Sander M. LevinRanking MemberWays and Means Committee1106 Longworth House Office BuildingWashington, D.C. 20515 Cc: The Honorable Nancy Pelosi Dear Ranking Member…
The following is a letter from Rep. Scott Peters to Rep. Sander Levin expressing concern about the TPP and Fast Track Authority. The letter can be found here. The Honorable Sander M. LevinRanking Member Ways and Means Committee DemocratsI 06 Longworth House Office BuildingWashington, D.C. 20515 Dear Ranking Member Levin: I look forward to working with…
The following are the two presentations by Charles Blum, of the Coalition for a Prosperous America and IAS Group and Benjamin Harris of the Urban Brookings Policy Foundation from the presentation: Why Congress Should Consider a Border Adjustable Consumption tax to reduce other taxes as Part of Comprehensive Tax Reform: Presentation by Charles Blum, Coalition for…
In this video, Michael Stumo lays out the full case for U.S. consideration of consumption taxes as a part of comprehensive tax reform, for the purpose of improving our trade balance. The primary purpose is to neutralize the tariff and subsidy impact of foreign VATs, which help cause the U.S. trade deficit. The speech occurred…
Economists will tell you that VATs are trade neutral because any trade advantage is neutralized by currency exchange rates. Indeed, several government studies by GAO and CRS state that currency does so, and cite a paper by Krugman or somebody else from the 1990′s. Of course, we are in a world of global currency wars…
CPA submitted comments today to the ITC. The topic is Japan’s entry into negotiations in the Trans Pacific Partnership. We objected to Japan’s inclusion because: 1. Currency manipulation enforcement and prevention measures are not included; 2. Japan is a developed country selling finished goods, thereby competing directly with us. Rather than a less developed country…
In furtherance of my campaign to get government to recognize net trade and prioritized balanced trade or net exports… The 2013 Economic Report of the President is the recent such report which is written by the Chair of Council of Economic Advisers. It presents the Administration’s domestic and international economic policies. A TR blog reader pointed out…
AS U.S. TRADE DEFICIT WIDENS, SENS. BROWN, SESSIONS, SCHUMER, GRAHAM, STABENOW, BURR, COLLINS, AND CASEY INTRODUCE BIPARTISAN BILL TO HOLD CURRENCY MANIPULATORS LIKE CHINA ACCOUNTABLE FOR UNFAIR, ILLEGAL TRADE PRACTICES Bipartisan Jobs Bill – that Passed the Senate in 2011 – Could Create More than Two Million Jobs by Leveling the Playing Field for American…
One of the biggest trade distortions we face overseas is the foreign value added tax (VAT). The U.S., when it was more strategic and less stupid, tried kinda hard, but failed, to neutralize foreign VATs without doing our own VAT. Red countries have a VAT. Blue countries do not. The problem is that other countries…
Washington ~ The Coalition for a Prosperous America (CPA) is pleased to support the “Currency Exchange Rate Oversight Reform Act of 2013″ which was introduced today by Senators Brown, Sessions, Schumer, Burr, Stabenow, Collins, Casey and Graham. (Bill Summary, PDF download). The bill will allow U.S. producers to neutralize foreign currency manipulation by categorizing the practice…
