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…

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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…

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CPA Applauds Trade Title of House China Competition Bill

“Most pro-worker trade legislation introduced in Congress in decades.” WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded the trade title of House Democrats’ China competition bill, the America COMPETES Act of 2022, which contained a number of provisions that CPA supports and encouraged the House to include. The trade title of House…

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CPA to Speaker Pelosi: House China Bill Must Require Report on Presence of Chinese Companies in U.S. Capital Markets

WASHINGTON — The Coalition for a Prosperous America (CPA) today urged House Speaker Nancy Pelosi (D-CA) to include Section 3407 in the Senate-passed U.S. Innovation and Competition Act (USICA) (S. 1260) in any bill the House passes to address competition with China. This provision would require an annual report for five years that describes the…

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CPA Letter to Speaker Pelosi Regarding Regarding Annual Review on the Presence of Chinese Companies in U.S. Capital Markets

CPA sent the following letter to House Speaker Nancy Pelosi (D-CA) to include a provision in the Senate-passed U.S. Innovation and Competition Act (USICA) (S. 1260) in any bill the House passes to address competition with China. The provision, Section 3407 — Annual Review on the Presence of Chinese Companies in United States Capital Markets…

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CPA: Congress Must Include Bipartisan, Bicameral National Critical Capabilities Defense Act in China Competitiveness Bill

WASHINGTON — The Coalition for a Prosperous America (CPA) today called on Congress to include the bipartisan, bicameral National Critical Capabilities Defense Act in any China competitiveness legislation considered by the House and Senate. The legislation was introduced in the Senate by Senators Bob Casey (D-PA) and John Cornyn (R-TX). It was introduced in the…

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CPA Urges House Committee to Reject Pro-China Trade Provisions in Senate China Bill

WASHINGTON — The Coalition for a Prosperous America (CPA) today wrote to Members of the House Ways and Means Committee regarding renewed efforts in Congress to “pass legislation to increase our nation’s competitiveness with China in the face of decades of economic espionage, theft of trade secrets and Intellectual Property (IP), state support for key…

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CPA Letter to House Ways and Means Committee Regarding China Competitiveness Bill

CPA wrote the following letter to Members of the House Ways and Means Committee regarding renewed efforts in Congress to “pass legislation to increase our nation’s competitiveness with China in the face of decades of economic espionage, theft of trade secrets and Intellectual Property (IP), state support for key industries, and forced technology transfers by…

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